Floki Inu soars 95% following renewing interest in its ecosystem Floki Inu soars 95% following renewing interest in its ecosystem
The Floki team said the meme coin's trading volume in the last 24 hours was its highest over the past year.
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Updated: Feb. 16, 2023 at 9:51 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
FLOKI
$0.00018
Floki (FLOKI) is the people’s cryptocurrency and the utility token of the Floki Ecosystem.
KuCoin
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies that launched in September 2017.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.