News View Non-AMP

Kraken Exchange to List Cardano-based Memecoin Snek on April 28: SNEK Price Gains Over 16%

Published by
Steve Muchoki

Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 million global users,  announced on Friday, April 25 that it will list Cardano (ADA)-based memecoin Snek (SNEK) next week. According to the announcement, deposits and withdrawals for SNEK on Kraken Exchange have been enabled ahead of the April 28 official listing.

Kraken announced that geographical restrictions will apply accordingly to SNEK trading. The listing of SNEK on Kraken is a huge milestone victory for the Cardano ecosystem, which has faced harsh criticism for low on-chain activity.

“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, this is not only a huge Win for Snek but a massive win for everyone building on $ADA,” X platform user EL noted.

Impact on SNEK Price

Following the announcement, SNEK price rallied over 17 percent to trade at about $0.00357 at the time of this writing. As a result, the small-cap memecoin, with a fully diluted valuation of about $273 million and a 24-hour average trading volume of around $4.3 million, had gained more than 42 percent in the past seven days.

The resurgence of SNEK FOMO amid improving fundamentals will play a crucial role in its bullish outlook ahead. In the daily timeframe, SNEK price had already broken out of a falling wedge pattern and signaled bullish sentiment at the time of this writing. 

Moreover, the daily MACD line had already crossed the zero line, amid the notable rally of the Relative Strength Index (RSI).

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Bitcoin Price Analysis: Low Speculative Urgency Signals More Pain In the Midterm

Bitcoin (BTC) price has experienced faded bullish sentiment in the recent past as traders factor…

June 28, 2025

Is Altseason Coming? CryptoQuant Analyst Spots Key Accumulation Signal

CryptoQuant analyst Axel Adler Jr. has spotted a potential early sign of a new altcoin…

June 27, 2025

Litecoin LTC Price Prediction 2025, 2026 – 2030: Can Litecoin Reach $1000 Dollars?

Story Highlights Litecoin price today is . Litecoin price may reach a potential high of…

June 27, 2025

Polkadot Price Prediction 2025, 2026 – 2030: Will DOT Price Cross $10?

Story Highlights The live price of the Polkadot crypto token is . Polkadot price can…

June 27, 2025

Toncoin Price Prediction 2025, 2026 – 2030: Will TON Price Reach $10?

Story Highlights The live price of the TON token is Toncoin price could hit a…

June 27, 2025

Pi Network Mainnet, KYC Fixes, and More — What to Expect on Pi2Day

With Pi2Day just around the corner, the Pi Network community is buzzing with hopes and…

June 27, 2025