Floki Inu soars 95% following renewing interest in its ecosystem

Floki Inu (FLOKI) soared by around 95% in the last 24 hours to $0.0000489551  at the time of writing, according to CryptoSlate’s data.

The meme token rallied by over 40% on Feb. 15 when Elon Musk posted a meme tweet declaring his Floki dog as Twitter’s CEO.

Floki’s trading volume surge

The Floki team noted that the asset’s trading volume in the last 24 hours was over $150 million, with “a good portion” on decentralized exchanges — its highest trading volume in the past year.

The meme coin dominated trades on the Dutch exchange Litebit, accounting for 47% of the platform’s total trading volume.

Meanwhile, crypto exchange KuCoin announced Floki’s listing on Feb. 15. KuCoin said the meme coin would be available for trading by Feb. 17. The project developers added that the listing would introduce the asset and its utility to KuCoin’s 27 million users in 207 countries.

Besides that, a decentralized finance product under the Floki ecosystem FlokiFi said the total value of assets locked on its protocol crossed $17 million. FlokiFi is an Ethereum Virtual Machine (EVM) — compatible with 12 blockchains — that allows users to lock their digital assets.

Posted In: Analysis, Memecoins

Bookmark (0)

Related Posts

Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near

Liquid staking tokens rally by 15% as Ethereum Shapella upgrade draws near

Liquid staking platform tokens have seen their values increase following news that staked Ethereum withdrawals would be enabled on April 12.

Bookmark (0)
CipherTrace report reveals almost 50% of crypto total market cap was lost in 2022

CipherTrace report reveals almost 50% of crypto total market cap was lost in 2022

Despite the loss, the total crypto market cap increased over 20% from the third-quarter in to the fourth-quarter in 2022.

Bookmark (0)
BNB smart chain (BSC) receives user proposal for lower transaction fees

BNB smart chain (BSC) receives user proposal for lower transaction fees

According to the proposal, BSC’s high gas fees have led to a decline in network activity — pushing its utilization to around 15-20%.

Bookmark (0)
Gate.io suspends withdrawals of SafeMoon following public burn bug exploit

Gate.io suspends withdrawals of SafeMoon following public burn bug exploit

The attack was carried out by hackers that attacked the BNB-based chain DEX, draining $8.9 million in funds before being found.

Bookmark (0)
CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again

CryptoSlate wMarket update: XRP leads top 10 as BTC breaks $28,000 once again

The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.

Bookmark (0)
XRP rises 10% against Bitcoin as USD value rises to five-month high

XRP rises 10% against Bitcoin as USD value rises to five-month high

Blockchain analytical firm Santiment reported that XRP’s social dominance is at its highest point in a year following its surge to $0.49.

Bookmark (0)

Leave a Reply

Your email address will not be published. Required fields are marked *