- Charles Hoskinson, the founder of Cardano, has shown interest in a new meme coin launched on the Cardano blockchain.
- The meme coin called Snek (SNEK) has gained popularity within the Cardano community and caught Hoskinson’s attention.
Charles Hoskinson Inquires About Snek Meme Coin
Snek, a newly launched meme coin on the Cardano blockchain, has attracted the attention of Charles Hoskinson, the founder of Cardano and a prominent figure in the cryptocurrency industry. Hoskinson took to Twitter to express his curiosity about Snek, which has been generating buzz among Cardano enthusiasts.
What the heck is this #Snek thing that people keep tweeting about?
— Charles Hoskinson (@IOHK_Charles) May 11, 2023
Mixed Reactions and Speculation
While some Cardano enthusiasts responded with playful images and gifs of snakes in reply to Hoskinson’s tweet, others speculated that his inquiry might be a deliberate tactic to promote the newly-launched meme coin. The exact intentions behind Hoskinson’s interest in Snek remain unclear.
Overview of Snek Meme Coin
Snek was founded by goofycrisp, a well-known member of the Cardano community, along with co-founders from the Chilled Kongs Team and jpg.store. The meme coin has a total supply of 76.7 billion tokens, with 50% distributed during the presale.
The presale, which took place on April 27, 2023, received significant attention on Twitter, with over 2,000 ADA tokens sent to the presale address within minutes of the sale going live. The presale resulted in 112,000 ADA coins being sold in 519 transactions.
Following the successful presale, Snek was listed on SundaeSwap, a leading decentralized exchange on the Cardano blockchain, with a market capitalization of $275,000. Currently, SNEK is trading at $0.0001021, experiencing a 15% increase in the past 24 hours, according to CoinMarketCap data.
As with any investment, readers are advised to conduct thorough research and exercise caution. The information provided in this article is for informational purposes only and should not be considered financial advice.