Why Everyone’s Obsessed with This Slithery Crypto SNEK—and It’s Not Just the Name!

• Picture this: Kraken, the beast of exchanges, finally lets Cardano‘s cheeky little memecoin Snek slither into its lair.

• Though some poor souls will be left out thanks to ‘geographical restrictions,’ Kraken’s already throwing open the gates for Snek deposits and withdrawals. Sneaky, huh?

• SNEK’s price? It’s been climbing out of a pessimistic pile, breaking patterns like it’s escaping a tar pit of doom.

Once upon a gloomy crypto jungle, Kraken Exchange—a grizzled veteran with over 10 million users worldwide—announced on the 25th of April (no fooling) that it would host the frolicsome Cardano memecoin, Snek, starting April 28. But here’s the kicker: Snek got the VIP pass early, letting traders toss in deposits and make withdrawals before the grand party began.

Yet, not everyone gets to play. Geographical restrictions are like those bouncers at a dodgy pub, deciding who’s in and who’s left out. Still, this shiny Snek listing is a massive “take that!” to the naysayers grumbling about Cardano’s “quiet” on-chain business.

“Getting onto Kraken is like winning the golden ticket, but opening up Cardano tokens on prime exchanges? That’s a whole candy factory! This isn’t just a victory for Snek, it’s a slap on the wrist to anyone doubting $ADA,” gushed an enthusiast with the curious handle EL on platform X.

What’s Happening to the Price?

SNEK caught a spicy boost, soaring over 17% to about $0.00357 at writing. This tiny but mighty memecoin—sporting a market cap that feels like an overeager puppy’s dream of $273 million and bustling with $4.3 million in daily trading hustle—has gobbled up over 42% in just a week. Not bad for a coin named after a slithering snack! 🐍💸

Fear of missing out (FOMO) has returned with a hiss and a wiggle, fuelled by solid fundamentals that are making bulls grin like Cheshire cats. Breaking free from a dreary falling wedge, SNEK’s price is slithering upwards, flaunting its bullish hues.

To add to the drama, the daily MACD line has boldly crossed zero, while the RSI is pumping up like a dragon on espresso—suggesting this little snake has plenty of venom left to sting the markets.

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2025-04-26 00:57