Kraken to List Cardano Memecoin SNEK — Big Win for ADA Ecosystem

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.

Or as user EL put it on X:

“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.”

Something isss brewing in Kraken lissstings 🐍🐍🐍🐍

We’re listing $SNEK @snek Apr 28, 1500 UTC!

ℹ️ Depositsss and withdrawals are already enabled, markets are currently in post-only mode

Deposit here ⤵️https://t.co/WMhVnmbltQ

*Geographic restrictions apply pic.twitter.com/79WAWKfFrW
— Kraken Exchange (@krakenfx) April 25, 2025

SNEK Price Reaction: Straight Fire

Following the announcement, SNEK pumped over 17%, trading around $0.00357 at the time of writing.

Fully diluted valuation: around $273 million
24-hour trading volume: about $4.3 million

And if you zoom out a little — SNEK’s been up more than 42% over the past week. Not bad for a “joke” token, right?

SNEK Charts Are Heating Up

Technically speaking?
SNEK looks ready for more action.

It already broke out of a falling wedge pattern — a pretty bullish setup.
MACD (Moving Average Convergence Divergence) just crossed above zero, which often signals trend shifts.
RSI (Relative Strength Index) is pushing higher too, reflecting stronger momentum.

If the current momentum sticks, SNEK could ride this FOMO wave even higher as more Cardano and memecoin fans pile in.