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Floki Inu (FLOKI) has witnessed a significant price surge and growing investor optimism, driven by a token burn proposal, a Binance Thailand listing, and favorable technical indicators
FLOKI, AR, and PEPE are the top performers on a daily scale, while most alts bleed out.
Floki (CRYPTO: FLOKI) gained significant positive momentum this week, fueled largely by the combination of the "Roaring Kitty" hype, and a fresh proposal to kick a large portion of the supply out of circulation. What Happened: The memecoin soared 23% since the week began, riding high on the social media comeback of retail trader "Roaring Kitty," an event that has also pumped meme stocks in the traditional markets.
The Floki Inu community proposed to burn 15,246,000,000 FLOKI, which are currently worth $2.8 million.
The Thailand arm of top digital asset service provider Binance has expanded its offering by listing the FLOKI memecoin. Consequently, the price of the cryptocurrency has seen a surge in value.
Following a highly turbulent price action, the meme coin sector has seen a collective revival, drawing substantial investor interest across the global crypto realm. Notably, popular meme-based cryptocurrencies, including DOGE, PEPE, FLOKI, and BOME, have all experienced a considerable uptick in prices in the past 24 hours.
Recent data highlights notable price and trading fluctuations in meme coins such as FLOKI, Book of Meme, and DOGE.
DWF Labs moved 2 million FLOKI tokens worth $400,000 from Binance just minutes ago, sparking market interest.
Floki Inu (FLOKI) is up alongside other meme tokens. FLOKI represents doge-themed assets and is one platform that aims to onboard Web3 activities and gaming.
The meme coin sector emerged as a rare winner the past day despite the broader market drawdown that pushed prices of major digital assets like Bitcoin down.
As the meme coin sector gains momentum, the low-cap and trending coins are on a smooth uphill journey. With a remarkable increase in trading volumes and massive gains in the last 24 hours, these coins spearhead the market-wide recovery. Moreover, meme coins are rising against the bearish backdrop of Bitcoin, which dropped 1.70% today.
Dogecoin (DOGE) , The Top 1 meme coin crypto is consolidating its potential despite having the biggest meme sector marketcap of 21 billion.
“Roaring Kitty is living proof that retail can mog (outperform) institutions at the highest level,” one meme coin developer said.
Floki Inu (FOKI), a renowned dog-themed meme coin within the crypto space, has gained significant traction today, May 14, as its price rallied nearly 10%. Leading the meme coin sector alongside prominent meme crypto such as Pepe coin, Floki has promptly emerged on crypto investors' radar as another bullish event for the meme coin appears
The market capitalization of the meme coin realm has pumped by approximately 7% in the past 24 hours.
After being trapped in a correction mode for the past ten weeks, a fast-growing dog-themed meme coin, Floki Inu (FLOKI), has signaled a fresh bull wave on the horizon. The mid-cap meme coin, with a fully diluted valuation of about $1.
The crypto markets have become highly volatile since the start of the month as market participants display less patience with the prevailing price action. Despite a rise in volatility, the volume remains below average, which has been a main cause of concern in recent times.
With the broader market gaining momentum as BItcoin pumps to $62,000+ levels, the meme coins are making a comeback. Surviving and undermining the weekend crash, the FLOKI price trend is on a smooth uphill journey. The meme coin is making a bullish candle and projecting a successful post-retest jump, teasing a huge rally.
Floki Inu (FLOKI) has experienced an 8% price surge after being listed in Bitpanda's Meme Coin Leaders Index. The recent addition points to investors' rising interest and market validation of FLOKI as a leading player in the meme coin space.
Meme cryptocurrencies are surging on increased trading volume, while digital assets are recovering from a choppy weekend. Pepe (PEPE), one of the most popular meme coins on Ethereum (ETH) and Arbitrum (ARB), almost reached double-digit gains.
The index initially contains PEPE, FLOKI, WIF, BONK, DOGE, and SHIB.
The ongoing downturn in the cryptocurrency market has underscored the strength of the more established memecoins over the several new ones birthed during the memecoin frenzy earlier this year. What Happened: According to popular cryptocurrency analyst Emperor Osmo, coins like Pepe (CRYPTO: PEPE), Floki (CRYPTO: FLOKI), and Dogecoin (CRYPTO: DOGE) notched up gains of 17%, 11%, and 8.5% respectively over the past two weeks.
Overall, the on-chain metrics of SHIB and FLOKI were similar, but one memecoin is the obvious victor.
BONK and FLOKI see slight price upticks, but the price decline might begin again soon.
