In the ever-evolving world of meme coins, where internet sensations come to life as cryptocurrencies, Pepe coin has long reigned as a prominent player. However, a new contender has emerged, poised to challenge Pepe’s dominance and carve its own path in the memecoin realm. Enter Snek, the up-and-coming memecoin that is determined to dethrone Pepe and claim its own kingdom.
With its unique approach and growing popularity, Snek is swiftly making its mark, aiming to snatch the crown from Pepe and establish itself as a formidable force in the memecoin world. The battle for memecoin supremacy has just begun, and all eyes are on Snek as it takes aim at the throne held by Pepe.
Snek is a memecoin that runs on the Cardano blockchain. It was founded by a prominent member of the Cardano community known as $goofycrisp. The coin had a presale in which 50% of the total supply of 76,715,880,000 SNEK tokens were distributed to early investors and supporters of the project.
The presale raised 112k ADA via 519 transactions. The remaining 50% of the SNEK supply was distributed across four key areas of the ecosystem. This included 40% for providing initial liquidity, 5% for an as-yet-undisclosed special utility, 2% for community event airdrops/giveaways, and 3% for CEX listing requirements and future developments or opportunities. The team did not allocate any of the circulating supply for their own compensation, leading many in the community to view the launch and allocation of SNEK as being conducted in a fair manner.
Snek aims to be the chillest meme coin on Cardano with a fair distributed launch including 0% of the supply set aside to the team and a high circulating supply/low emissions right from the start. Its vision is to create a sustainable and inclusive community-driven token on the Cardano blockchain, providing a rewarding experience for Snek token holders. The community-driven approach has propelled the Snek token to trend on various social media platforms, making it the most popular Cardano memecoin.
Snek is currently trading on SundaeSwap and WingRiders DEX, and it is ranked #2704 on CoinMarketCap. The live Snek price today is $0.000797 USD, with a 24-hour trading volume of $3,260,935 USD. The circulating supply is not available, and the maximum supply is 76,715,880,000 SNEK coins.
Binance, the largest crypto exchange, recently published a detailed guide on purchasing Snek, sparking listing speculation in the crypto community. Snek can be traded using Coinbase Wallet.
Pepe vs Snek
- Pepe coin and Snek are both meme coins based on popular internet memes, Pepe the Frog and Snek the Snake respectively .Pepe coin was launched in April 2023 on the Ethereum blockchain, while Snek was launched in May 2023 on the Cardano blockchain.
- Pepe coin aims to create a decentralized platform for meme creators and collectors, while Snek claims to be a “chill” meme coin with no specific purpose.
- Pepe coin recorded a massive price surge of over 5,000,000% in May 2023, reaching a market capitalization of over $1.6 billion, but then lost more than 70% of its value in a week. Snek also witnessed a significant price rise of over 425% in May 2023, reaching a market capitalization of over $61 million, and hitting a new all-time high.
- Pepe coin faced some controversy after Coinbase said that the Pepe the Frog character has been “co-opted as a hate symbol by alt-right groups”, which sparked outrage from the Pepe coin community. Snek attracted some new users to the Cardano ecosystem from other chains, and received some support from Charles Hoskinson, the founder of Cardano .
