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Sujit Kumar
Dec 24, 2024

Charles Hoskinson Criticizes Gemini for Prioritizing Meme Coins Over Cardano

Charles Hoskinson Criticizes Gemini
Cardano founder Charles Hoskinson has voiced his frustration over Gemini’s recent decision to list the meme coin Chill Guy while continuing to exclude Cardano (ADA) from its platform. This development has left the Cardano community bewildered and disappointed.

Community Outrage Over Gemini’s Decision

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.

Meme Coin Mania Overshadowing Established Projects

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.

What’s Next for Cardano?

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.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Charles Hoskinson Criticizes Gemini for Prioritizing Meme Coins Over Cardano
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.