🔥 Breaking: Input Output and $SNEK Forge Strategic Partnership to Boost the Cardano Ecosystem
- $ADAM
- Jun 2
- 2 min read
June 2, 2025 – In a move that signals growing recognition for community-driven innovation, Input Output (IO), the core development company behind the Cardano blockchain, has announced a strategic collaboration with $SNEK, the leading memecoin on Cardano by market capitalization.
Launched in April 2023, $SNEK has rapidly grown into a decentralized phenomenon, amassing over 1.8 billion ADA in trading volume—accounting for a staggering 16% of Cardano’s all-time trading activity. With over 40,000 token holders and integrations with 60+ decentralized applications (dApps), $SNEK is now positioned as the most traded and largest token on Cardano after ADA.
This strategic partnership highlights IO’s commitment to supporting grassroots innovation within the Cardano ecosystem. As IO CEO Charles Hoskinson stated, “Snek’s community-driven approach aligns with IO’s mission to foster such innovations on Cardano. This collaboration supports our shared goal of enhancing the ecosystem.”
The collaboration follows a string of high-impact moves by the $SNEK team, including:
Snek.fun: A token launchpad responsible for up to 30% of Cardano’s trading activity.
Snek.energy: A real-world consumer product generating over $500,000 in sales.
A viral Kraken listing announcement that reached 555,000+ views and 800+ retweets—demonstrating SNEK's growing cultural and brand footprint.
“SNEK started as a memecoin,” said Goofycrisp, core contributor to the project. “But today, we’re building a bridge between Web3 and real-world culture. This collaboration with IO validates the strength of our community and our vision.”
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While the partnership does not include financial backing or endorsement of SNEK’s investment potential, it does reflect IO’s broader strategy to align with decentralized projects that bring tangible value and engagement to the Cardano network.
This partnership is not a financial endorsement. IO emphasizes that $SNEK is intended for entertainment and social purposes, and buyers should not expect profits or returns. As with all crypto assets, users are urged to do their own research and exercise caution.
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