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Cryptocurrency News Articles

Gemini Lists Meme Coin CHILLGUY but Cardano (ADA) Founder Charles Hoskinson Is Not Happy

Dec 24, 2024 at 08:35 pm

Gemini Lists Meme Coin CHILLGUY but Cardano (ADA) Founder Charles Hoskinson Is Not Happy

Crypto exchange Gemini announced the listing of CHILLGUY (CHILLGUY), a meme coin project, on Friday. The announcement led to CHILLGUY rising by almost 5% in the past 24 hours and was priced at $0.1884 at the time of writing. However, Cardano (ADA) founder Charles Hoskinson was not happy that his blockchain protocol has not been listed on the centralized exchange despite being the ninth-largest cryptocurrency by market cap.

Gemini confirmed that it would list CHILLGUY on December 23 which would allow the users on the platform to buy and sell the Solana-based meme coin easily. While the CEX expected the crypto market participants to be ecstatic with the announcement, a section of X (formerly Twitter) users questioned why the exchange has yet to list ADA, the native token of the Cardano ecosystem.

Back in May this year, Gemini published an explainer for the Cardano ecosystem, noting that it is an “open-source protocol that focuses on democratizing the process of consensus and governance.” Since then, there have been speculations about the listing of ADA on Gemini but the exchange has disappointed its users, not listing the leading altcoin for months.

X users criticized Gemini for not listing a cryptocurrency with a market cap of $31.6 billion but listing a meme coin with a valuation of just $189.17 million. On the other hand, Hoskinson supported the user’s comment while replying with a GIF of TV host and comedian Steve Harvey with the caption “I’m just sayin.”

Compare CHILLGUY and ADA Price Performance

CHILLGUY outperformed ADA in the past 24 hours as the latter dropped 0.04% in the same time period. In the past week, the meme coin has crashed 37.58% while the Layer 1 token has dropped 16.72%. Further, ADA is trading at a 70.99% discount to its all-time high of $3.10 while CHILLGUY has dropped 71.27% from its ATH of $0.6651 witnessed a month ago.

News source:coinedition.com

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Other articles published on Dec 25, 2024