HTX Lists SNEK on Innovation Zone

AUG

13

Event date

Wednesday 13 August 2025, UTC

Event description

The listing kicks off with SNEK deposits opening today, August 12, at 10:00 UTC, with trading set to begin once deposit volume meets market demand—details will be announced soon. Withdrawals will open on August 14 at 03:00 UTC. Hosted in HTX’s Innovation Zone, this move targets early adopters and traders interested in high-growth tokens. The event’s purpose is to enhance SNEK’s accessibility, attract new investors, and solidify its position as a cultural icon in the Cardano ecosystem. Expect increased trading activity and price volatility as the community reacts, making it a thrilling opportunity for those tracking meme coin trends.

Recent News

SNEK has been making waves recently. Just today, the project celebrated dual listings on both HTX and KuCoin, a significant achievement that underscores its growing prominence. Over the past three months, SNEK’s market cap hit $310 million, ranking it 218th globally, while its 24-hour trading volume surged by 16.63%. This follows a contentious funding debate with Cardano founder Charles Hoskinson, who rejected a treasury proposal for listing fees but suggested a bond-style repayment plan. Despite this, SNEK’s community-driven efforts have secured these listings independently, showcasing resilience and grassroots support.

Future Plans

Looking ahead, SNEK aims to expand its ecosystem with initiatives like Snek.fun, a play-to-earn platform launching soon, and the Snek Ecosystem Fund to support Cardano startups. The project also teases more exchange listings and community-driven features, such as governance tools and NFT integrations, to enhance utility. These steps align with a broader roadmap to position SNEK as a bridge for onboarding new users to Cardano, blending fun with meaningful adoption.

Onchain Data

Specific onchain metrics for SNEK around this listing are not fully available yet, but historical data shows it’s the most traded token on Cardano, with over 2 billion ADA in all-time trading volume. Its circulating supply stands at 74.56 billion tokens, with a maximum of 76.71 billion. As deposits open, watch for spikes in wallet activity and transaction volume, which could signal early investor interest. Platforms like Cardanoscan may soon provide real-time insights post-listing.

Community Sentiment

The X community is buzzing with excitement. Fans celebrate the HTX and KuCoin listings as validation of SNEK’s growth, with posts highlighting its potential to lead Cardano’s charge. Influencers express optimism, calling it a “cultural movement,” while some debate its long-term utility versus hype. The sentiment leans bullish, though a few caution about volatility, reflecting a mix of enthusiasm and prudent skepticism.

Additional Insights

SNEK stands out among meme coins with its deflationary design, where tokens are periodically burned to reduce supply, potentially driving value over time. Compared to competitors like Dogecoin or Shiba Inu, SNEK benefits from Cardano’s low fees and eco-friendly proof-of-stake network. For users, this listing offers a chance to join early, but the token’s speculative nature means rewards come with risks. New traders should start small and research thoroughly.

Risk Disclaimer: Newly listed tokens like SNEK can experience high volatility. Ensure you assess risks and only invest what you can afford to lose.

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Snek (SNEK) Events List

Snek Loan-based Treasury Vote

The Loan-based Treasury Vote is the first-ever loan-based treasury withdrawal event within Cardano governance, hosted by the Snek community. This event introduces a novel accountability mechanism where treasury funds are withdrawn as loans rather than direct grants, aiming to increase transparency and responsibility in fund usage. The vote is scheduled for November 25, 2025. Details about participation and voting procedures are typically shared on Snek's official Twitter channel. Recent News Recent months have seen increased discourse around funding models in decentralized governance, with Snek pioneering this loan mechanism to enhance financial oversight. There have been no reported changes or updates specific to this event aside from the announcement. The initiative aligns with broader trends in DeFi and blockchain governance that stress accountability and measured fund disbursement. Future Plans Snek aims to evaluate the impact of the loan-based treasury withdrawal on project accountability and governance efficacy post-event. If successful, this model could be extended to other treasury operations within Cardano's ecosystem and potentially influence broader governance frameworks. Community Sentiment Mixed. Some community members appreciate the increased accountability and innovative approach to treasury management, while others express caution about the logistics and implications of loan-based treasury withdrawals. Sample sentiments include: "Innovative step for governance accountability," "Need clear guidelines for loans," and "Interesting but let's see how it plays out." Risk Disclaimer This event may impact the token price due to changes in treasury fund management and perceived governance risks. Participants should consider potential price volatility. Sources used https://x.com/snek/status/1986109928117882996

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