🦈£ul¥₳n🐍⛏️ ₿

Here is my short thesis on SNEK/ADA price and why I think we are going much higher than before. Cardano's ecosystem shrunk significantly during the last bear market, which I think we are just coming out of. Many projects did not survive and liquidity dried up across the board. Paired with supply injections from the Cardano treasury, this increases the amount of ADA in circulation ready to be deployed into only a few key projects. I firmly believe $SNEK is one of them. Bull mode has not fully returned yet and SNEK is already up 150% from its bear market bottom, sitting at almost 50% of its previous all-time high (0.0072 ADA/SNEK). This concentrated demand combined with SNEK's current tokenomics is, in my opinion, a recipe for a significant price move. Less supply from trading fees and token burns, more places to buy, fewer projects to compete with. SNEK is more distributed and more accessible than ever in a market that is far less spred out, the liquidity has nowhere else to go. I think we have seen nothing yet.

Here is why distributed liquidity pools matter. 40% of the current $SNEK volume comes from NIGHT and USDCx. All generating more buying pressure and more burns through trading fees.

Yes, again, the snek chart. Just a daily reminder how difficult it is for any project to reach this point. Snek survived multiple large drawdowns, the last one being the hardest at -95% from all time high. But that's what makes a project stronger for the next stage. In the past 4 years, we cultivated what it means to be part of this. We focus on snek, stay in our lane, do what we do best. No false promises. No drama. One goal, make snek and $SNEK more valuable. Minimize the failure risk. Maximize the potential return. Right now our odds are about as high as they've ever been. And it's feeling good.

been a believer in those 3 for a long time now, feels great to see them starting to move

You can trade snek:native directly on X 🚀

this cycle feels different. social trading changed the game. when a trader's credibility is public, they can't tell you to buy and dump at the same time without destroying their own reputation. bad actors get filtered by the crowd. but the flip side is just as important, credible traders with skin in the game will amplify the projects worth amplifying. organically. snek benefits from that more than most. almost 4 years of community battle testing. most cardano projects from 4 years ago don't exist anymore. snek is still here, still growing, still building. that alone is a statement. supply fully distributed. no large holders left, just a handful sitting at 1-2% each, long term believers with barely any sell history. these people haven't moved in years. they're not going anywhere. the brand matured too and i like it a lot. unified, creative, character-led with human like expressions. snek has a clear face and a voice now. liquidity is engineered. deeper on cexes, fluid on dexes. protected and exposed through a trifecta of ADA, NIGHT and USDCx. three pools generating volume. three pools generating burns. snek gets burnt from dexes trading fees. forever. it runs on its own. every new trade quietly removes supply from existence. and here's what most people miss about that trifecta. as ADA rises, the snek-ADA pool rises with it. deeper liquidity, more volume, more burns without anyone doing anything. same with NIGHT. as NIGHT appreciates, that pool grows in real value and pulls more attention, more traders, more flow into snek from a completely different direction. two separate bull runs feeding the same burn engine simultaneously. then there's the USDCx pair. as the cycle matures and traders start taking profits into stablecoins, that liquidity doesn't disappear, it finds its way back into the snek-USDCx pool naturally. people who sold ada or night for usdc still want snek exposure. the stable pair becomes the entry point for late cycle capital. it's the landing pad. that NIGHT pair isn't just a liquidity decision either. it's a conviction. we've believed in cardano and in its founder for years. Midnight is the next chapter of that vision: a privacy layer built by the same people, for the same values. governments are moving. institutions are watching. privacy is going from niche to necessary. we saw the first wave with Zcash. snek isn't reacting to that narrative. we're already inside it, with real liquidity deployed. when midnight is ready, snek will be there. pools, liquidity, and all. retail access is there too. snek is on Kraken, cryptocom, kucoin. you can buy it on X. the friction is gone. snek is in a fundamentally stronger position than last cycle across every dimension that matters. and in about 2 weeks, that gets even better. 🐍