Rex Liu

💎 '17 Crypto Survivor | EN/CN Bridge
🧵 Daily: Learn, Write, Build in Public
🐍 Real-time @snek Community Watch
🤝 DMs Open: Collabs, Tips & Alpha

[Rex Liu @rexliu]

@alwayssnek @TapTools

[Rex Liu @rexliu]

I was traveling these past few days then I just saw the news that @TapTools is shutting down.

Frankly I am not that surprised.

At this stage, especially with how weak and quiet the market has been, I could only hear deafening silence.

It's rare that only a selected few projects are continuing to show up, build, and fight for the ecosystem after all these years.

That part deserves respect.

If I'm not mistaken, TapTools had Catalyst funding. They sold NFTs, with two rounds of Tappy. They also had API products and paid services.

So maybe the members who left simply did not believe in the ecosystem that much anymore.

Maybe this was just a convenient excuse.

I totally get it. There is no need to make it overly moral. People make their own decisions.

The only part I cannot fully let go of is:

After receiving all that money, did they truly fulfill the responsibility that came with it to the community and NFT holders?

Anyone who has spent enough years in crypto has seen this movie many times. The hard part is trying to solve the problem before walking away.

I started really using TapTools around 2023. Cardano DeFi was still early then. Liquidity was starting to form. Data visibility was poor. At that time, TapTools had real value.

It did contribute to the growth of DeFi and memes on Cardano.

However, a platform that once felt important can just disappear like this.

Emotionally, that hurts.

Rationally, though, a cleanup is probably necessary.

The real turning point for this ecosystem may only come after the ADA held by the founding entities is properly handled and redistributed into stronger hands.

Too many people are sitting in positions they no longer deserve.

The incentives are broken.

Personally, I have made peace with the old self and anything that comes and goes.

I definitely know nothing about the future but I've decided to care more about myself.

Still SNEK. Still learning. Still here.

[TapTools @TapTools]

After four years of building for Cardano, today we have difficult news to share.

[Rex Liu @rexliu]

@DaftADAPunk @TapTools @hizz_io Yeah, just love yourself 😉

[Rex Liu @rexliu]

Gm.

It's another beautiful day 🥳

[Rex Liu @rexliu]

Gm.

It's another beautiful day 🏕️

[Rex Liu @rexliu]

Almost every US stock I bought in the past month has been rewarding even though I sold a couple of them at much lower price.

It's a completely different market structure from crypto and you've seen gurus everywhere.

Then I realized even a pig can fly if it catches the right wind.

[Rex Liu @rexliu]

Haven't traded US stocks after I withdrew funds from Tiger Trade in 2018.

It feels great to go in and out of ETFs until you're blinded by AI boom and winners everywhere.

So I decided to deposit 5k USDT into @BITofficial_EN last month and it's quite smooth.

Just never put anything more than you afford to lose.

[Rex Liu @rexliu]

@hizz_io @DaftADAPunk @CardanoLeo @Changehero_io

[Rex Liu @rexliu]

第 64 期 snek:native 中文周报 🐍

1、5 月 31 日 @DaftADAPunk 与 @CardanoLeo 联合一些链上 Meme 社区，即将发起 @hizz_io 竞赛活动， 鼓舞士气，敬请期待

2、5 月 28 日 @Changehero_io 发推介绍了 snek:native，它成功将病毒式 meme 文化注入到 Cardano 区块链中。Cardano 以往以学术研究和谨慎开发闻名，而非炒作和 meme 文化。$SNEK 于 2023 年 4 月以公平启动的社区项目形式推出，没有 VC 分配或预售，目前已发展成为一个小型生态系统，包含 Telegram 机器人、代币发射台、NFT、DeFi 集成，甚至推出了品牌能量饮料。如今 snek:native 是 Cardano 上市值和交易量最大的模因币，并采用通缩机制」

3、5 月 27 日 @snekamoto 发长文「不要只凭市值判断 snek:native，市值无法反映项目是否在真正建设、社区是否活跃、人们是否真正关心。我们应该问更好的问题：

- 他们在构建什么？ SNEK 正在 Cardano 上打造一个可识别的品牌和生态系统，远不止是一个 meme。

- 为什么重要？ 强大的社区和真实参与，往往比短期炒作和价格波动更持久。

- 它是为谁服务的？ 服务于相信 Cardano 文化、社区驱动增长和长期生态价值的人。

- 是否有人真正在使用它？ 有，$SNEK 拥有真实关注、忠诚持有者和实际活跃度。

- 市场不好的时候社区是否还会出现？ snek:native 已证明自己拥有忠诚的信徒，这是最强社区的标志。

- 人们能否清晰解释它？ 可以：$SNEK 是一个社区驱动的 Cardano 模因币，具有强大品牌、日益增长的影响力和真正受人喜爱的文化。」

4、5 月 27 日 @goofy_crisp 发推「Snek GIF 和贴纸月浏览量再创历史新高 🚀 月均稳定在 125 万/天，昨天冲到 210 万」

5、5 月 25 日 @snek 官方发起活动，评论区最佳编辑奖 25 万 snek:native ，24 小时内有效

[Rex Liu @rexliu]

第 63 期 snek:native 中文周报 🐍

1、5 月 23 日 @krakenpro 回复 Snek 成员帖子「我们要推出 snek:native CLI 吗？」，目的是在为 $DOG 使用他们新推出的 Kraken CLI 制作演示版本后，测试 snek:native 社区的兴趣。Kraken CLI 允许 AI 代理和开发者访问 Kraken 平台的现货交易、期货交易以及 WebSocket 数据流，并且在正式上线前提供模拟交易功能

2、5 月 21 日，Goofy 于 Discord 群里表示「我们已经努力半年之久的大事即将发布，还需要几周准备，目前一切顺利，到时会让社群眼前一亮」

3、5 月 21 日，Goofy 发推「SNEK GIFs 在 Giphy 和 Tenor 两大平台过去一周的每日浏览量总和达到了超过 150 万次的新历史高点」

4、5 月 21 日 @goofy_crisp 发推详细介绍了 SnekFun 的重大 UX 升级。主要亮点功能包括：1/ Turbo Wallet：支持应用内即时交易，直接完成 ADA/代币结算；2/ 基于 QR 码的移动配对，无需分享种子短语；3/ 免费创建代币，并可获得持续 0.3-1% 的创作者费用（以 ADA 支付）；4/ 开发者 API；5/ 带有每日奖金和推荐奖励的积分系统；6/ 显示 PnL 的钱包交易过滤器，以及可自定义分享的 PnL 卡片

5、5 月 19 日 @PepeAno42069 发推「我只是想花点时间认可 @snek 和 @snekdotfun 在平台上慷慨实施的创作者费用机制。 我原本预期他们只会给 0.05% 或者某个很低的比例。但相反，他们给创作者的费用比自己平台赚取的还要多。这将有助于推动交易量，并激励创作者继续构建和开发 」

6、5 月 19 日 @thecryptobasic 发推宣传 Snekfun 创作者费用机制更新

[Hizz.io @hizz_io]

Dudes!!! 👀
Guess what fun thing is about to drop? 🐍🐓🫛🐸💭.....
Coming Soon ⏳

[Rex Liu @rexliu]

@CardanoLeo @DaftADAPunk @hizz_io @Changehero_io

[Rex Liu @rexliu]

Fascinating to land on Kashgar yesterday.

Day or night, the city is full of delights.

Convinced ourselves to feel another cultural and bizarre city after Yining.

Life is meant to be experienced, whether it's investing, travel, or relationships.

[Rex Liu @rexliu]

Finally settled down in Yining after hours of flight and house hunting.

It's the seventh city we explored this year and it's quite amazing to see the sunset at 9 o'clock in the evening.

Will bring back my OpenClaw and Hermes tomorrow.

[ChangeHero @Changehero_io]

Most memecoins are born in ecosystems already addicted to meme culture, but that’s not the case with $SNEK

It emerged from @Cardano, a chain better known for research papers, academic design, and slow, methodical building than internet chaos. For years, Cardano didn’t really have a viral meme identity or cultural mascot. It was all it was before @snek appeared.

Launched in April 2023, $SNEK was a fair launch experiment with no VC allocation, no private sale, and no early insider distribution, a fully community-driven release that quickly turned into something much bigger than expected.

And now the project started evolving into a mini ecosystem: https://t.co/PlgMPfLRpO, SNEKbot, SNEK Energy drink, NFT and DeFi integrations. What began as a simple memecoin slowly turned into a full cultural layer inside Cardano.

Sssss..Swap $SNEK on ChangeHero 🐍
https://t.co/JyheZX2KBb

[Rex Liu @rexliu]

@CardanoRami @CoinMarketCap People often learn from their mistakes but crypto may don't care about them at all.

[Rami @CardanoRami]

Cardano $ADA has now fallen to the #14th spot on @CoinMarketCap making it an opportune time to reflect on its predecessors.

Polkadot (DOT) fell from its #7th ranking spot to its current #37th spot through a multi-year cycle of high inflation, aggressive OpenGov treasury spending which required DOT sales/conversions, and resulting holder frustration that amplified selling pressure and capitulation.

The treasury/governance dynamic created a clear negative feedback loop: proposals passed → funds spent/sold → dilution perception + "waste" FUD → holder exits → lower price/rank → more frustration.

How the loop worked mechanically: Devs/teams/ecosystem actors proposed via OpenGov often passing with engaged voter support; treasury approved → assets sold/swapped for fiat/stable funding → market sell pressure. Holders saw ineffective outcomes (e.g., marketing didn't boost adoption meaningfully) + dilution → frustration → more selling/staking rewards cashed out. This compounded over 2024–2025, turning DOT into a chronic underperformer despite strong tech (parachains, GitHub activity).

Gov spending later tightened dramatically (cuts up to 68% + more stablecoins), and tokenomics reforms helped, but the sentiment damage + lost momentum locked in the ranking drop. Many view it as a cautionary tale of decentralized funding without enough accountability/metrics early on. Recovery would need real traction now that the overspend phase is behind.

Thank you for the summary on Polkadot's history @grok, hopefully we are smart enough to learn from their mistakes.

[SNEK₳MOTO🐍 @snekamoto]

Stop judging $SNEK by market cap alone.

Market cap does not show whether a project is actually building, whether the community is active, or whether people truly care. What matters more is what SNEK is creating, why it matters, who it is for, and whether real users are involved.
So ask the right questions:

•What are they building? SNEK is building more than a meme, it is building a recognizable brand and ecosystem around Cardano.

•Why does it matter? Because strong communities and real engagement often outlast hype and price swings.

•Who is it for? It is for people who believe in Cardano culture, community-led growth, and longterm ecosystem value.

•Is anyone actually using it? Yes, SNEK has real attention, real holders, and real activity behind it.

•Does the community show up when the chart isn’t green? That is where the strongest communities prove themselves, and SNEK has already shown that it has loyal believers.

•Can people explain it without sounding clueless? Yes: SNEK is a community-driven Cardano memecoin with strong branding, growing relevance, and a culture that people actually care about.

The truth is simple: real opportunity is not always obvious to people who only stare at market cap. #SNEK is exactly the kind of project that rewards people who pay attention to community, conviction, and ecosystem strength.

SNEK is not just a chart.. it is a movement.

In $SNEK we trust 🐍💎
https://t.co/oVNBUtDVuA

[Snek @snek]

gm

[Rex Liu @rexliu]

@goofy_crisp @snek The chart looks amazing

[Goofycrisp @goofy_crisp]

New monthly all-time high for @snek GIF & Sticker views 🚀

We’ve been averaging 1.25M views per day, with our biggest day ever reaching 2.1M views just yesterday.

[Strike | Onchain Perps @strikeperps]

🚨 Official Notice 🚨

Today we publicly announce we’re submitting a Cardano treasury withdrawal proposal to supply 7.5M ADA to our protocol.

The term is one year and the proposed full amount plus all yield will be returned to treasury.

Overview: 🛥️ https://t.co/pLGdqEHiRs

[Snek @snek]

Best edit in the comments wins 250k $SNEK

24h 👇

[Xiaomi MiMo @XiaomiMiMo]

🚀 Better inference efficiency, lower costs, broader access.

MiMo-V2.5 Series API pricing is now permanently reduced — by up to 99% compared to previous pricing.
✨ Unified pricing across all context lengths.
MiMo Token Plans have also been upgraded:
• 5–8× more usable tokens at the same price
• Simpler and more transparent billing rules
🎁 As a thank-you to current users, all current Token Plan credits will be fully reset.
🎧 MiMo-V2.5-TTS remains free for a limited time.
⏰ Effective May 26 at 6:00 PM PDT.

These improvements are powered by continued inference optimization and serving efficiency upgrades across the MiMo stack.
🛠️ We’ll also publish a detailed technical blog on the inference optimizations later — stay tuned.