Hoskinson Fires Back: Did the SNEK Meme Coin Outshine Midnight for Cardano’s Growth?

Charles Hoskinson isn't holding back. The Cardano founder just clapped back at critics claiming a meme coin—yes, SNEK—has done more for ADA's ecosystem than his 'serious' Midnight project. Cue the drama.

Meme coins vs. 'real' utility? The crypto crowd loves nothing more than a good feud—especially when it involves a token named after a snake and a protocol that's supposed to revolutionize privacy. But let's be real: when a joke asset generates more buzz than a multi-million-dollar development, even the suits start sweating.

Midnight was supposed to be Cardano's privacy powerhouse. Instead, SNEK—a token with zero whitepaper and 100% meme energy—somehow stole the spotlight. Classic crypto: where the 'useless' often outperforms the 'groundbreaking.'

Hoskinson's response? A mix of defiance and dry humor. He’s not dismissing SNEK’s impact, but he’s also not about to let a cartoon snake overshadow years of R&D. Still, the irony isn’t lost on anyone: in crypto, hype moves markets faster than any technical whitepaper.

So, who really won? The degens stacking SNEK or the devs building Midnight? Either way, Cardano’s ecosystem just got a lot more interesting—and a little more chaotic. Just another day in the circus of decentralized finance.