Cardano founder Charles Hoskinson has reacted to claims that the SNEK meme coin has made more significant contributions to the Cardano ecosystem than Midnight.
The ongoing feud between Hoskinson and some community members has shown no sign of ending anytime soon. During a recent exchange, an X user named Federico claimed that Midnight, Cardano’s upcoming privacy sidechain backed by Hoskinson, has had less impact on the ecosystem than the Snek (SNEK) meme coin.
Federico made the assertion while reacting to a proposal from the SNEK team to withdraw 5 million ADA ($3.69 million) from the Cardano treasury to fund the token’s listing on a Tier-1 exchange.
Cardano Treasury Won’t Fund Tokens’ Listing on Exchanges
Notably, Hoskinson declared his support for the initiative but recommended that the SNEK team structure the proposal as a three-year bond on its network. He pointed out that this would ensure that the team repays the 5 million ADA plus interest to the treasury.
Aside from this, the Cardano founder emphasized that no ecosystem token, including SNEK and Midnight, will get their listing fees from the treasury.
Hoskinson Reacts to Claims That SNEK Has Done More for Cardano Than Midnight
Furious with this decision, Federico criticized Hoskinson, suggesting that while Midnight has not contributed anything to ADA, SNEK is responsible for the growth in the Cardano ecosystem.
“Without SNEK, there would be nothing in Cardano right now,” the user remarked.
In response, Hoskinson posted a GIF from The Big Lebowski, featuring ‘the Dude,’ played by Jeff Bridges, looking stunned. The meme captures Hoskinson’s surprise at the idea that a mere meme coin like SNEK has been more impactful to the Cardano ecosystem than Midnight.
https://t.co/ZkGPAbhPiJ pic.twitter.com/kXz9XwIop8
— Charles Hoskinson (@IOHK_Charles) August 4, 2025
Hoskinson, who has been actively involved in the development of Midnight, has taken pride in the privacy blockchain. Recently, the Cardano founder claimed that more than 100 ventures across eight blockchains have already indicated interest in Midnight.
Consequently, he argued that the strong institutional interest in Midnight shows his instrumental role in Cardano’s growth.
SNEK Trend Puts Cardano in the Limelight
Amid the recent feud, popular analytics platform TapTools alerted Cardano enthusiasts that SNEK was trending on X under Business and Finance. According to the accompanying screenshot, the meme coin had been mentioned in 6,005 posts on X, signaling heightened visibility.
Reacting, Cardano stake pool operator (SPO) Phillerino stated SNEK’s recent trend as a win for the broader ecosystem. According to him, increased attention on SNEK automatically puts Cardano in the limelight.
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