SNEK Community Vows to Drive Cardano Growth Despite Treasury Dispute

The SNEK meme coin community remains steadfast in its belief that the token is a driving force for the Cardano blockchain. On August 7, a core contributor under the name Rami reignited the ongoing debate about SNEK’s significance within the ecosystem, asserting that the meme coin will continue to “push Cardano forward again and again.” The statement, posted on social media, underscores the community’s conviction that SNEK is not just a fleeting trend but a meaningful player in the Cardano narrative [1].

Rami emphasized that SNEK has already brought notable adoption to Cardano and will continue to do so in the future. His comments align with the community’s broader stance that SNEK is one of the most influential native tokens on the platform. This sentiment has been reinforced by SNEK’s impressive metrics: over 42,000 wallets hold the token, and it has generated more than 2 billion ADA in total trading volume. Furthermore, SNEK has achieved listings on major exchanges such as Kraken and Crypto.com, all without financial support from the Cardano treasury [1].

The recent controversy surrounding SNEK arose when the community proposed using 5 million ADA (approximately $3.9 million at the time) from the Cardano treasury to fund additional listings on tier 1 exchanges. Cardano founder Charles Hoskinson responded by requesting the community to restructure the proposal as a repayable bond over three years. While he expressed support for the SNEK community, the suggestion was met with resistance, with some arguing that it highlighted a disregard for SNEK’s proven impact on Cardano’s visibility and user base [1].

Despite the pushback, the SNEK community remains optimistic. Rami’s recent post has reignited the narrative that the token’s influence will persist regardless of external opinions. The meme coin has continued to gain traction, rising 16.63% in the last 24 hours and currently ranking as the 218th token by market capitalization with a valuation of $310 million [1]. The token’s growth reflects the broader trend of meme coins leveraging strong community engagement to boost the profiles of the blockchains they reside on.

The SNEK project highlights the evolving role of community-driven initiatives in blockchain ecosystems. While meme coins are often viewed as speculative assets, they can serve as powerful tools for driving adoption, engagement, and even indirect support for core blockchain development. In the case of SNEK, its continued visibility and market performance suggest that it is more than just a token—it is a movement that believes in the long-term potential of the Cardano platform [1].

Source: [1] SNEK Core Contributor Claims SNEK Will Push Cardano Forward “Again and Again” (https://thecryptobasic.com/2025/08/08/snek-core-contributor-claims-snek-will-push-cardano-forward-again-and-again/)