SNEK Core Contributor Declares: ’SNEK Will Propel Cardano Forward—Again and Again’
Move over, slow-and-steady—SNEK’s core team just dropped a bullish bombshell. The meme coin’s architects claim it’ll be Cardano’s relentless growth engine, sparking debates from Discord to Wall Street.
The SNEK Effect: More Than Just Hype?
Anonymous devs insist this isn’t another vaporware promise. SNEK’s roadmap allegedly integrates with Cardano’s scaling solutions—because what’s a blockchain without a meme coin elbowing for attention?
TradFi Skeptics Roll Eyes
Bankers clutching their pearls won’t love this: a reptile-themed token dictating Layer-1 progress. Then again, when did finance ever reject irrational exuberance?
One thing’s certain—SNEK’s team isn’t whispering. They’re shouting from the rooftops: expect repeat performances. Whether that means pumps or actual utility? Well… welcome to crypto.
Excerpt from SNEK Meme cardano Treasury Withdrawal Proposal
Considering these, the SNEK team sought funding to expand its reach further, a request that Hoskinson asked the community to restructure. He insisted that no one was getting funded from the Cardano treasury to cover listing fees, not even Midnight.
SNEK Community Reacts
Despite Hoskinson stating that he supports the SNEK community, his proposal to restructure the request as a bond repayable in the next three years didn't bode well with the meme coin’s enthusiasts. This sparked a debate on SNEK’s relevance to the ecosystem, specifically in comparison with the imminent privacy-focused Midnight.
They claimed that this was not just the reason why Cardano-native tokens don’t list on major exchanges, but also highlights the negligence of SNEK’s massive impact on the ecosystem. A user went as far as stating that there would be nothing left on Cardano without SNEK.
While the debate has died down slowly, Rami’s tweet yesterday has rekindled the narrative. His post suggests that although some, like Hoskinson, might not appreciate their efforts, they will continue to help Cardano thrive.
Meanwhile, SNEK continues to lead proceedings in the Cardano ecosystem, rallying 16.63% in the past 24 hours. It currently ranks as the 218th token in the global market cap ranking, with a valuation of $310 million.
