Meme-inspired cryptocurrency venture Floki (FLOKI) has received a significant endorsement from Coinhako, Singapore’s largest cryptocurrency exchange regulated by the Monetary Authority of Singapore.
Coinhako has added the FLOKI token to its list of tradable cryptocurrencies, opening up access to a broader range of Singaporean traders. In its official announcement, Coinhako declared, “The people’s cryptocurrency has reached Coinhako’s shores and is available to trade.”
Consequently, the meme coin inspired by Elon Musk’s Shiba Inu pet has surged by a staggering 114% in price in the week, reaching new heights amidst a flurry of social media activity.
The project’s popularity on various social platforms has witnessed an unprecedented surge, with social interactions spiking by a remarkable 4,404.4% over the past year, according to data from LunarCrush, a social intelligence company.
Bullish Momentum Continues for Floki
With memecoins in focus, it’s been a wild year of growth for $FLOKI with 2024 turning up the
so far.
1-year performance shows a +271.6% increase in creators posting about @RealFlokiInu which has driven a +406.3% increase in social posts, resulting in a +4,404.4% increase in… pic.twitter.com/5RjgdmONTc
— LunarCrush (@LunarCrush) March 8, 2024
The price of Floki has been on a bullish trajectory throughout the year, maintaining its momentum with the surge in social media mentions. The number of creators posting about the meme coin has surged by over 271.6% in the past year, indicating a growing interest and engagement with the project.
The surge in social interactions for Floki has been accompanied by a significant increase in social posts, which have risen by more than 404.3% over the same period. This surge in social activity highlights the growing popularity and community engagement surrounding Floki.
Despite the surge in social media activity, Floki’s popularity has not come at the expense of its price. At the time of writing, Floki is trading at $0.0002541, reflecting a 70% increase in price over the past 24 hours.
This surge in price has also helped Floki re-enter the top 100 cryptocurrencies by market capitalization, currently ranked 52, according to CoinMarketCap data.
All Floki Holders in Profit
Data from the crypto analytics platform IntoTheBlock (ITB) has revealed that 100% of Floki holders, totalling 75,380 addresses, are currently profitable. This statistic underscores the positive sentiment and profitability of Floki among its holder base.
Floki’s team has been building on its success by introducing initiatives like the TokenFI platform. The project aims to become a significant player in the tokenization industry, projected to reach $16 trillion by 2030. Additionally, Floki has seen growth traction in key ventures like Burning and Staking, further enhancing its position in the market.
