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The market capitalization of the token ascended to almost $500 million.

In a bold move that underscores its confidence in the burgeoning Floki ecosystem, DWF Labs, a leader in digital asset market making and a prominent investor in Web3 initiatives, has declared its intention to invest a staggering $10 million in FLOKI tokens.

In a significant turn of events, the price of FLOKI cryptocurrency has witnessed a remarkable surge of nearly 40% today, February 27. This significant price surge comes on the heels of an announcement by DWF Labs, a leading digital asset market maker, and Web3 investment firm, revealing its plan to purchase $10 million worth of

Floki Inu revealed it attained all-time highs in staking TVL (total value locked). The over $105 million in stake FLOKI has the project outpacing Dogecoin (DOGE), PepeCoin (PEPE), and Shiba Inu (SHIB) in TVL.

Floki (CRYPTO: FLOKI) on Monday said that it had reached an all-time high in staking total value locked (TVL), outperforming Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin's (CRYPTO: PEPE) TVL. What Happened: A post from the official FLOKI handle said, "FLOKI JUST HIT A STAKING TVL ATH OF $105 MILLION.

The FLOKI and PEPE prices have held up well today despite an ongoing crypto market correction.

In 2024, meme coins continue to dazzle the crypto world, combining humor with investment potential. As Ethereum and Solana lead the charge, here are five meme coins, including Shiba Inu Coin (SHIB), Pepe-Coin (PEPE), Bonk (BONK), Myro Price (MYRO), and Floki (FLOKI), that are capturing the attention of tech-savvy investors worldwide.

While they arrived in the financial space as a joke, meme tokens have increased in number while finding exclusive utility as they cement their presence in the market. Meanwhile, Floki Inu, Bonk, and Memeinator (MMTR) stand to dominate price charts in the 2024 bull run.

Floki's social dominance over SHIB, accompanied by a price surge, points to growing competition.

After Ethereum's (CRYPTO: ETH) co-founder Vitalik Buterin suggested on X that artificial intelligence (AI) could be used to check smart contracts for errors, cryptocurrencies that use AI saw their value increase. As a result, the value of TokenFi's TOKEN (CRYPTO: TOKEN), associated with FLOKI (CRYPTO: FLOKI), went up by as much as 20% in a week.

Amidst the altcoin season, the Bitcoin price is taking a short nap and warns of a pullback as the momentum shifts towards the altcoins. However, the top meme coins known for their volatile, sharp, and long jumps are taking a slower approach this season.

A closely followed crypto strategist is predicting that Bitcoin (BTC) will remain in an uptrend as it closes in on $48,000. Pseudonymous analyst Inmortal tells his 206,200 followers on the social media platform X that a sudden influx of retail traders could drive the top crypto asset by market cap another leg up.

The meme space has become a hotspot for incredible gains, evident from numerous rags-to-riches stories highlighting the profitability of this entertaining ecosystem. As 2024 gears up for a bullish market, renowned crypto analyst Inmortal, has picked the one memecoin he thinks will do better than all the others in this market cycle.

In a recently published tweet, on-chain data aggregator IntoTheBlock spread the word about a new table with meme coins' key metrics added to their meme coin dashboard.

Floki has formally responded to the Hong Kong SFC's recent warning, reiterating their commitment to compliance across jurisdictions and explaining the rationale behind their staking program's high returns. Cryptocurrency Project Floki Counters Hong Kong SFC's Warning In a detailed blog post dated Jan.

In a recent announcement responding to regulatory scrutiny, the Floki Inu crypto team “blocked” its staking programs in Hong Kong. This decision follows a warning from the Hong Kong Securities and Futures Commission (SFC), which labeled Floki's high-yield staking products as “suspicious” and unauthorized.

Floki Inu suspends its staking program in Hong Kong following regulatory warnings.

The Hong Kong Securities and Futures Commission issued a statement cautioning investors on staking programs from Floki Inu and TokenFi.

The SFC warned Hong Kong users on Jan. 26 and described Floki's staking programs as “suspicious investment products.”

The Hong Kong Securities and Futures Commission last week flagged Floki's staking programs as "suspicious investment products."

The authority that oversees financial markets considers FLOKI token staking as an unregistered investment product.

In a recent statement, the Floki team addressed the Hong Kong Securities and Futures Commission's (SFC) concerns about their high-yield staking programs. It also emphasized its commitment to compliance and explained the mechanics behind its high annual percentage yield (APY) offerings.

The team behind the Floki Inu cryptocurrency has stopped offering staking programs for Floki and TokenFi in Hong Kong. They made this decision after the local regulator labeled these programs as “suspicious investment products.

The Floki Inu cryptocurrency team has ceased Floki's staking programs in Hong Kong after the local regulator marked them as “suspicious."