The listing of SNEK on Kraken is a massive gain for the wider Cardano ecosystem.
With geographical restrictions in place, Kraken announced deposits and withdrawals of Snek are already enabled.
SNEK price has consistently closed above a falling daily wedge pattern, signaling further bullish momentum.
Kraken Exchange, a veteran U.S.-based cryptocurrency exchange with over 10 million global users, announced on Friday, April 25 that it will list Cardano (ADA)-based memecoin Snek (SNEK) next week. According to the announcement, deposits and withdrawals for SNEK on Kraken Exchange have been enabled ahead of the April 28 official listing.
Kraken announced that geographical restrictions will apply accordingly to SNEK trading. The listing of SNEK on Kraken is a huge milestone victory for the Cardano ecosystem, which has faced harsh criticism for low on-chain activity.
“Getting listed on Kraken is a huge achievement in itself but opening the door for tier 1 CEX listings for Cardano native tokens is incredible, this is not only a huge Win for Snek but a massive win for everyone building on $ADA,” X platform user EL noted.
Impact on SNEK Price
Following the announcement, SNEK price rallied over 17 percent to trade at about $0.00357 at the time of this writing. As a result, the small-cap memecoin, with a fully diluted valuation of about $273 million and a 24-hour average trading volume of around $4.3 million, had gained more than 42 percent in the past seven days.
The resurgence of SNEK FOMO amid improving fundamentals will play a crucial role in its bullish outlook ahead. In the daily timeframe, SNEK price had already broken out of a falling wedge pattern and signaled bullish sentiment at the time of this writing.
Moreover, the daily MACD line had already crossed the zero line, amid the notable rally of the Relative Strength Index (RSI).
Memecoin Pepe (PEPE) is back in the spotlight, with almost 10% fluctuation from $0.00001440 to $0.00001490, before dropping to $0.00001430. This time it is in the spot, all thanks to President Donald Trump, who posted a cryptic image, ‘Mission from God’, on Truth Social.
This was not the first time PEPE price has flown over cultural moments, but the latest intraday momentum once again proves how volatile the meme coin world is, especially around political figures.
“He’s on a mission from God & nothing can stop what is coming.”
This sentence alone sparked buzz on social media everywhere. When zoomed in, a tiny frog standing on its feet upright on the left side, can be found lurking in the background. First, it seemed intended for Trump, but heightened bullish sentiment took the post for memecoin.
People have begun speculating: Has memecoin culture started again? Or was it an indirect endorsement or just a simple coincidence?
Whatever the intent, no direct confirmation linking Trump to the meme coin has been confirmed yet. But for now, the meme magic is clearly in full effect, as X has been flooded with several bullish theories and price predictions. Keep reading to know more.
Social Dominance & Total OI Spiked
The PEPE’s official X (formerly Twitter) account said that “Nothing can stop what is coming.” Only an hour after Trump’s post, the combined effect of the posts, the memecoin pumped 10%, while its market cap reached $6.30 billion.
Pepe crypto’s daily trading volume also shot up by 55%, hitting $1.69 billion. With a surge in bullish sentiment, social dominance spiked massively, total open interest surged from $650 million to $735 million, and the MVRV 30-day above 0 line was indicative that 30-day addresses were positive, too, and in the entire Q2, it has recovered, which is an indication of rising interest in this meme.
Moreover, the Long/Short Ratio over the last 48 hours has advanced to 1.0016 from 0.9623, suggesting a bullish bias.
Knocking Out $0.000015 Is Crucial For Uptrend To Continue In PEPE Price
In Q1 2025, the PEPE meme had fallen almost 80%, but in Q2 so far, from its low, it has surged over 150%, which clearly shows the effect of positive sentiment seen in the crypto sector.
However, Mid-May onwards, certain external setbacks have paused its momentum, now it is at a supply zone that strongly aligns with a high volume profile level.
Today’s movement was also obstructed by the same level; if it’s not cleared, then the price might withdraw to $0.000010. However, if it clears, then it might reach $0.000020 next.
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Memecoin Pepe (PEPE) is back in the spotlight, with almost 10% fluctuation from $0.00001440 to $0.00001490, before dropping to $0.00001430. This time it is in the spot, all thanks to President Donald Trump, who posted a cryptic image, ‘Mission from God’, on Truth Social. This was not the first time PEPE price has flown over …
Ethereum’s long‑awaited Pectra upgrade is live, activating 11 Ethereum Improvement Proposals on the mainnet.
The network crossed the upgrade slot at 10:05 UTC and reached finality roughly 12 minutes later, clearing the last hurdle after two turbulent testnet runs.
Ethereum’s Pectra Hard Fork Goes Live: What You Need to Know
The headline change, EIP‑7251, raises each validator’s effective balance from 32 ETH to 2,048 ETH, letting large staking providers consolidate thousands of nodes and slash bandwidth costs.
Pectra has gone live and finalized ! Testing of the newly activated EIPs continues.
Pectra Upgrade also debuts EIP‑7702, allowing externally owned accounts to temporarily execute smart‑contract code. The feature unlocks gas‑fee payments in stablecoins, subscription‑style transfers, and native wallet‑recovery tools. Nine additional EIPs target data availability, validator onboarding, and cryptographic efficiency.
At press time, ETH trades around $1,840, up almost 3% over the last 24 hours, as markets digest the upgrade while bracing for today’s FOMC rate decision.
Core developers will now pivot to the next hard fork, “Fusaka,” slated for late 2025, but today’s smooth rollout cements Ethereum’s momentum after three years of incremental tweaks.
BeInCrypto contacted Bitfinex analysts for insight on the Pectra Upgrade. In their opinion, Pectra brings both opportunities and challenges for Ethereum Layer 2s.
While it boosts efficiency and lowers costs, it may also concentrate validator power and reduce Layer 2 fee revenues.
According to the analysts, this shift could impact decentralization and incentives, pushing Layer 2s to adapt through innovation and user-focused design.
“Ultimately, the Pectra upgrade represents a double-edged sword for Ethereum’s Layer 2s,” Bitfinex analysts told BeInCrypto.
Others like Nicolai Sondergaard, Research Analyst at Nansen, offer a more measured outlook. Speaking to BeInCrypto, Sondergaard said Pectra enhances Ethereum’s Layer-2 ecosystem by doubling blob capacity and raising calldata costs.
According to Sondergaard, this makes blobs the standard for rollup data, with lower fees and smoother UX on dApps.
He said DeFi and NFTs benefit from smarter wallets, gas sponsorship, and cheaper transactions, while onboarding and voting in DAOs and social apps become easier.
“Gasless voting or simplified onboarding becomes more practical with the new wallet capabilities. Meanwhile, the upgrade doesn’t introduce backward-incompatible changes, meaning existing contracts continue functioning as-is,” Sondergaard concluded.
Meanwhile, while the technical changes are mostly invisible to users, major exchanges like Binance and Coinbase implemented temporary service pauses as a precaution.
Binance and Coinbase Halt Key Services
Binance exchange said deposits and withdrawals of 14 tokens would not be available starting Wednesday at 09:45 (UTC).
“Starting at approximately 2025-05-07 09:45 (UTC), Binance will suspend the deposits and withdrawals of token(s)…to support the Ethereum network upgrade and hard fork to ensure the best user experience,” read the announcement.
With this news, the following tokens will not be available for depositing and withdrawing on Binance. Services will resume once the tokens are deemed stable and the volatility inspired by the Pectra Upgrade has eased.
Ethereum (ETH)
Polygon (POL)
Arbitrum (ARB)
Metis (METIS)
Optimism (OP)
Scroll (SCR)
zkSync Era (ZKSYNC)
Cyber (CYBER)
Base (BASE)
Metal DAO (MTL)
Manta Network (MANTA)
Celo (CELO)
Starknet (STRK)
Worldcoin (WLD)
Binance suspends deposits and withdrawals for 14 tokens. Source: Binance announcement
This suspension comes as the exchange looks to support the Ethereum network upgrade and hard fork, ensuring the best user experience.
Notably, while Binance halts deposit and withdrawal functions for these tokens, trading on their networks will remain operational.
Coinbase also announced a similar move, pausing some operations to ensure a smooth and secure transition.
“To ensure user fund safety, we will temporarily pause Ethereum deposits and withdrawals from 2:50 AM to 3:45 AM PT,” Coinbase stated in a post.
However, the initiation of new staking requests on the Coinbase exchange will be delayed during that time. Normalcy will resume after 3:45 AM PT without affecting existing staked positions.
! Testing of the newly activated EIPs continues.