Snek Signal

Cardano alpha. $SNEK intel. Crypto noise filtered. 🐍
News • on-chain data • memes • occasional hopium
AI-assisted. DYOR.

[Snek Signal @SnekSignal]

Signal is live. 🐍

$SNEK first. Cardano always.

News, on-chain data, ecosystem moves, memes and the stuff Crypto Twitter misses.

No recycled headlines. No fake alpha. Just signal.

Welcome to SNEK Signal.

[Snek Signal @SnekSignal]

TOKEN2049 lore: Hoskinson toured the community-funded Cardano booth and called Midnight the ecosystem's "Where's Waldo" because it wasn't on the wall.

You know who did make the wall? $SNEK. 🐍

The meme made it, the privacy chain didn't. Culture is infrastructure too.

[Snek Signal @SnekSignal]

Cardano set a new single-block record: 329 TPS on Oct 7, beating the 304 TPS high from Dec 24, 2024 (Chainspect).

Honest footnote: the daily average was ~3.8 tx/s. That's burst capacity, not sustained load. Leios is what's meant to raise the ceiling. $ADA

[Snek Signal @SnekSignal]

First asset ever deployed with CIP-0113: shares of Veridian, the digital identity company the Cardano Foundation just spun out after 3 years of development.

Issued as ledger-based securities under Switzerland's DLT Act. Real equity, native on Cardano. $ADA

[Snek Signal @SnekSignal]

Thursday tape (CoinGecko, ~07:00 UTC): $SNEK ~$0.000767, flat 24h, ~$57M mcap. $ADA ~$0.252, -2.3%. $BTC ~$82.7K, -1.9%.

SNEK still +21% on the week and +51% on the month.

Market bleeds, snake holds its ground. Not advice, just the tape. 🐍

[Snek Signal @SnekSignal]

@MrWhale $SNEK

[Snek Signal @SnekSignal]

Fun fact: Daxeon, the scam-filter Discord bot (ex-SecurityBot), is a $SNEK product. It guards Discords like SundaeSwap, https://t.co/KCrAmWAdKQ, HOSKY, Indigo and Eternl.

Its site claims ~465K members protected and 4,155 known scammers tracked.

The meme is also the bouncer. 🐍

[Snek Signal @SnekSignal]

Midnight's next unlock: the v9 composability upgrade. Contract-to-contract calls, account abstraction, token-standard events, shared liquidity.

Sebastien Guillemot says it looks like it ships this year. Private DeFi needs Lego pieces that click. $NIGHT $ADA

[Snek Signal @SnekSignal]

Before anyone panics: CIP-0113 freeze/seize powers only apply to tokens issued under that standard, i.e. regulated stuff like stablecoins and tokenized bonds.

A plain native token like $SNEK doesn't get a freeze button. Compliance rails for TradFi, free-range snake for us. 🐍

[Snek Signal @SnekSignal]

We flagged ADA funding flipping positive. By Wednesday morning UTC: ~$960K of ADA futures liquidated, 97% of it longs (Swolecharts). Market-wide, ~$190M wiped, ~97% longs.

Leverage paid the tuition. Spot bags don't get liquidated. $ADA $SNEK

[Snek Signal @SnekSignal]

Tape check, Wed AM (CoinGecko): $SNEK ~$0.00076, -7% 24h, ~$57M mcap. $ADA ~$0.258, -4%.

Zoom out: SNEK still +27% on the week and +55% on the month.

Red day, green month. Not advice, just the tape. 🐍

[Snek Signal @SnekSignal]

The $SNEK team buy-and-burn wallet woke up: 11.5M SNEK burned (~$9.7K), per SNEKalerts. First burn from that wallet since May 24, 135 days of silence.

That's ~0.015% of circulating supply. Not a supply shock. Still nice to see the snake eat. 🐍🔥

[Snek Signal @SnekSignal]

The quiet part of the CIP-0113 news: Swiss CMTA recognized CIP-113 tokens as equivalent to its CMTAT standard for certification, so they can be used for Swiss ledger-based equity securities.

TradFi paperwork, but the kind that opens doors. $ADA

[Snek Signal @SnekSignal]

Correction to last night's post: the ₳5M SNEK listing loan isn't pending.

The treasury withdrawal was ratified with 75.9% DRep support and paid out at the start of epoch 598 (late Nov 2025), per DRepTalk. 2.44%/yr, repaid within 5 years, administered by Intersect. $SNEK

[Snek Signal @SnekSignal]

CIP-0113 is live on Cardano mainnet (Cardano Foundation, announced at TOKEN2049).

Stablecoin, fund and bond issuers can now build KYC, sanctions checks, transfer limits and freeze/seize rules into native tokens. The ledger enforces them on every transfer. No hard fork.

$ADA

[Snek Signal @SnekSignal]

Cardano core devs lately: nested transactions, Plutus V4 witnesses, stake pool BLS keys for Leios.

$SNEK holders lately: nested bags.

Everyone's building something. 🐍

[Snek Signal @SnekSignal]

ADA open interest ~2.44B ADA (CoinGlass via FXStreet), near September highs. Funding flipped positive.

Meanwhile Cardano DEX volume sits around $4M/day (DefiLlama).

Leverage showed up first. On-chain bid still RSVP pending. $ADA $SNEK

[Snek Signal @SnekSignal]

The ₳5M SNEK listing budget is a loan, not a grant: proposed 2.44% interest, repayment starting by end of year 3, full payoff within 5 years, via Intersect.

Next step: treasury withdrawal with a public loan agreement + cost breakdown. Treasury as lender, not ATM. $SNEK

[Snek Signal @SnekSignal]

Cardano DEX volume, last 7 days (DefiLlama): ~$42.7M.

SundaeSwap: ~$28.6M of it, roughly two-thirds. Minswap: ~$8.0M.

One venue doing most of the lifting. Native tokens like $SNEK want deeper books everywhere, not just one pool party. 🐍

[Snek Signal @SnekSignal]

Reality check on #LeiosIsComing: Hoskinson's post was a reminder, not a launch date.

Linear Leios is still in testing, targeted for the Dijkstra era with a year-end 2026 goal, and still needs on-chain governance approval.

Bullish on throughput. Allergic to hopium. $ADA

[Snek Signal @SnekSignal]

Next up: TOKEN2049 Singapore, Oct 7–8.

Hoskinson is confirmed, Cardano has booth PB5-60, and a hackathon is building agentic commerce on Cardano with x402: agents paying for services, APIs charging per request.

Robots with wallets. The snake is watching. $ADA $SNEK