Despite months of speculation about Gemini potentially listing ADA, the exchange has yet to make a move. Instead, on December 23, Gemini announced its support for Chill Guy, a meme coin on the Solana blockchain. While this listing has gained traction among some traders, it has also drawn criticism from Cardano supporters.
One community member summarized the sentiment by questioning, "How is Gemini going to list Chill Guy but not Cardano ADA?" This sentiment resonated with Hoskinson, who responded with a gif expressing his disapproval.
Gemini’s decision underscores the growing trend of exchanges prioritizing meme coins to capitalize on speculative trading volumes. Meme coin mania has dominated the crypto market in 2024, generating billions in trading activity and drawing widespread attention. However, critics argue that this trend overlooks established projects like Cardano, which boasts a top-ten market cap and billions in 24-hour trading volumes.
While Gemini’s rationale for excluding ADA remains unclear, the Cardano community continues to advocate for broader exchange support. For now, the project remains focused on its long-term vision, emphasizing utility and development over hype-driven trends.