Kraken announced it will list Cardano-based memecoin Snek (SNEK) on April 28, with deposits and withdrawals already live, marking a huge milestone for the broader Cardano ecosystem.
SNEK’s price jumped over 17% after the news, trading around $0.00357, with a 42% weekly gain, a $273 million fully diluted valuation, and bullish technical signals like a falling wedge breakout and MACD crossing above zero.
The listing signals growing recognition for ADA-native tokens, boosting hope for more tier-1 exchange support and fueling renewed hype around Cardano’s memecoin scene.
Kraken, one of the OG U.S. crypto exchanges with over 10 million users worldwide, just dropped some exciting news: They’re listing Snek (SNEK) — a Cardano (ADA)-based memecoin — next week.
The official announcement came out Friday, April 25, confirming that deposits and withdrawals for SNEK are already live, even though trading won’t kick off until April 28.
One thing to note: geographical restrictions will apply, so not everyone will get immediate access depending on local regulations.
Why This Matters for Cardano
Honestly? This is huge — not just for Snek, but for the entire Cardano ecosystem.
Cardano’s faced its fair share of critics lately (low on-chain activity being the biggest jab). But this move? It kicks open the door for tier-1 CEX listings for other ADA-native tokens too.
“Getting listed on Kraken is a huge achievement in itself but opening the door for tier 1 CEX listings for Cardano native tokens is incredible… massive win for everyone building on $ADA.”
