Floki Inu, the popular dog-themed memecoin, has experienced a significant surge in the cryptocurrency market. Its price has increased by over 14% in the last 24 hours, surpassing the resistance level of $0.0001790.
Currently, Floki Inu is trading at $0.0002195, reflecting a remarkable 11.24% increase in just one day. Over the past week, the price has surged by 27.26%, and in the last month, it has seen a substantial 44.92% increase.
This surge in price can be attributed to the recent listings of Floki Inu on two major platforms. Firstly, it was listed on Revolut, a well-known neobank and fintech platform that offers cryptocurrency trading services. This listing aligns with Floki Inu’s goal of becoming widely accepted and utilized in the cryptocurrency market. It has also generated a surge in demand for the token.
The second significant listing is on Binance Thailand, the leading cryptocurrency exchange in the region. This listing has expanded Floki Inu’s presence in diverse markets, particularly in Asia. Binance Thailand is a regulated exchange supervised by the Ministry of Finance of Thailand and the Office of Securities and Exchange Commission. This ensures that the memecoin is well-protected and can be freely traded in Thailand.
In addition to the listings, FLOKI DAO has proposed a substantial burn of 15 million FLOKI tokens, equivalent to $2.8 million. This strategic move aims to reduce the overall supply of FLOKI, potentially driving up its long-term value.
Furthermore, Floki Inu has gained recognition by joining Bitpanda’s Meme Coin Leaders Index, further contributing to the positive sentiment surrounding the memecoin. Bitpanda, a prominent multi-asset exchange based in Europe, has confirmed the inclusion of Floki Inu in its prestigious index.
In summary, Floki Inu has made significant progress in the cryptocurrency market, with its price surging and crossing resistance levels. The listings on Revolut and Binance Thailand, along with the proposed burn of FLOKI tokens, have played a crucial role in driving up the value of this memecoin. Its inclusion in Bitpanda’s index has also added to the growing optimism within the market.
