Snek, a recently launched meme coin based on Cardano, has become the second-largest asset in the Cardano ecosystem after its listing on CoinEx and a 22% surge.

The listing was captured by an AI service called CryptoExchangeListingBot, which provides real-time updates on crypto listings.

Yevhen Dedotfi, a Cardano Ecosystem Ambassador, expressed surprise and intrigue about Snek's success, highlighting its impact on the Cardano ecosystem and attributing its success to the power of market-wide narratives.

Snek's listing on a well-known exchange represents a significant feat for the coin, which was launched only three weeks ago.