Cardano recently welcomed its first meme coin, SNEK, and the asset is already garnering considerable attention from notable exchanges, including Bitrue.
Bitrue, a leading global crypto exchange, recently spotlighted the Cardano meme coin Snek (SNEK) amid an impressive uptick in adoption. The recent shout-out from Bitrue comes as the exchange finally lists the asset, further propelling its visibility and contributing to increased adoption.
In a recent tweet, Bitrue announced that it has decided to list SNEK on its platform, having opened deposits for the asset. The exchange enabled spot trading for SNEK against USDT today at 10:00 (UTC).
🔥New listing $SNEK is coming to #Bitrue spot trading. @snekcoinada
✅Deposits Open NOW
✅Trading starts at 10:00 UTC, 2nd June
👉 Details: https://t.co/M2DvEUrTkd pic.twitter.com/asxkaR9zCJ
— Bitrue (@BitrueOfficial) June 1, 2023
Shortly after the announcement, Bitrue spotlighted SNEK in a dedicated thread of tweets, highlighting the meme coin’s ultimate vision and its dedicated and vibrant community. Bitrue emphasized that this vital community support will catalyze SNEK’s success.
Dubbed “the chillest meme coin on Cardano,” SNEK has swiftly garnered a burgeoning crypto community within just a month of its launch. The token has enjoyed immediate success, with over 18.5K followers on Twitter and up to 5.9K members on its official Discord server. The prevailing meme coin buzz in the crypto landscape has further amplified this momentum.
With a remarkable price surge and a rapidly growing community, SNEK is poised to emulate the successes of Shiba Inu (SHIB) and Dogecoin (DOGE). Should SNEK continue to meet expectations, this could merely be the inception of its success story.
The Bitrue listing comes shortly after CoinEX, a leading Hong Kong-based exchange, listed SNEK amid a 22% rally, as The Crypto Basic disclosed. Binance also published a dedicated guide for the meme coin last month, triggering speculations of a listing.
SNEK is up 920% from ATL
The latest development comes amid significant opposition to SNEK’s upsurge. Despite the challenges posed by the bears, the asset has maintained a 21.54% gain in the past 24 hours. Notably, SNEK is currently up 905% gain from its all-time low price of $0.0001152 on May 18.
As of press time, SNEK is changing hands at $0.00116, with a market capitalization of $88.7 million. One of SNEK’s most interesting features is its relatively low circulating supply compared to other meme coins. The asset’s supply currently stands at 76 billion.