Charles Hoskinson, the founder of Cardano, is expressing his disappointment with US exchange Gemini for snubbing Cardano while listing new meme coins like Chill Guy. Speculation had been high since at least May 2024 that Gemini would finally list Cardano, but after six months, this has yet to happen, with the recent listing of Chill Guy causing frustration among community members. Despite the announcement of listing Chill Guy on December 23, some users are upset that Gemini has not yet listed Cardano, a top ten cryptocurrency with significant trading volumes.
The decision to list Chill Guy, a meme coin based on Solana, has sparked controversy among Cardano community members who feel that Gemini is prioritizing speculative new projects over established cryptocurrencies like ADA. One user expressed bewilderment on social media, questioning why Gemini would list Chill Guy but not Cardano. Charles Hoskinson himself shared a gif in response to the situation, indicating his frustration with Gemini’s decision-making process. The lack of response from Gemini on this issue has further fueled the frustration within the Cardano community.
While the reasons behind Gemini’s decision not to list Cardano are unclear, the listing of Chill Guy highlights the trend of cryptocurrency projects and exchanges capitalizing on the rising trend of meme coins in 2024. The meme coin mania has generated significant trading volumes and revenue for platforms like pump.fun as users seek to profit from these speculative assets with low initial investments. Despite the success of meme coins, some community members believe that established cryptocurrencies like Cardano should not be overlooked in favor of new, unproven projects.
The delay in listing Cardano on Gemini has raised questions about the exchange’s priorities and decision-making processes, especially in light of its decision to list Chill Guy. While Gemini has not provided any official statement on the matter, the Cardano community continues to express frustration and disappointment with the exchange’s actions. As the cryptocurrency market becomes increasingly competitive, exchanges like Gemini may face challenges in balancing the listing of new, trendy assets with the needs and expectations of their user base.
In conclusion, Charles Hoskinson’s criticism of Gemini’s decision to list Chill Guy instead of Cardano reflects a broader concern within the Cardano community about the treatment of established cryptocurrencies in the current market environment. As the cryptocurrency sector continues to evolve and adapt to new trends, exchanges will need to consider the interests of their users and the long-term viability of projects like Cardano. Ultimately, the success of both established cryptocurrencies and emerging meme coins will depend on the ability of exchanges like Gemini to navigate the complexities of the rapidly changing digital asset landscape.
