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The conflict erupts on the eve of Halloween, as Floki, the cross-chain cryptocurrency, and the Bitget exchange accuse each other of market manipulation and contract violations.
Floki's (CRYPTO: FLOKI) protocol's token, TokenFi (TOKEN), has experienced a significant increase in value. What Happened: In the past 24 hours alone, TOKEN has surged by 40% and has emerged as a top performer on decentralized exchanges.
On October 27, 2023, Bitget announced that it was adding TokenFi (TOKEN) to its Spot market's Innovation Zone. However, shortly after TokenFi started trading, there were significant price swings that raised suspicions of market manipulation.
Recently, the cryptocurrency community has witnessed a heated dispute between the protocol Floki Inu (FLOKI) and the crypto exchange Bitget. The controversy arose following Bitget's listing of TokenFi (TOKEN) and subsequent accusations of market manipulation, unauthorized listing, and insufficient solvency.
The Floki protocol and Bitget crypto exchange have found themselves in a head-on collision over allegations of market manipulation. At the heart of this debacle is the mysterious TokenFi (TOKEN), a reward token that Floki recently introduced.
The teams for crypto exchange Bitget and Web3 protocol Floki blamed each other for allegedly misleading investors.
In an Oct. 31 announcement on the Bitget website, the exchange announced the delisting of TokenFi, the tokenization platform from Floki, for reasons around manipulation.
Bitget Exchange recently disclosed plans to delist TOKEN, TokenFi's digital currency. The move, significantly influenced by allegations of price manipulation, comes merely days after TOKEN's listing on October 27.
Amidst the rapid expansion of the cryptocurrency market, the recent controversy surrounding the premature listing of TokenFi (TOKEN) has caused significant turbulence for the popular digital currency FLOKI.
In the fast-paced world of cryptocurrency, Floki, the dog-themed digital asset, recently made headlines by experiencing a remarkable 115% price surge over the last few days. Trading at just $0.0000178 on October 20th, Floki now stands at $0.000037, marking a substantial 15.5% gain in the past 24 hours.
In an astounding turn of events, the recently introduced FLOKI staking program has managed to accumulate an astonishing $41.35 million in locked assets within a mere 48 hours. This remarkable achievement is set to have a lasting impact on the supply of Floki Inu, effectively reducing it by 12% for the foreseeable future.
Generally, the entire crypto market is experiencing a bull trajectory, being led by major assets like Bitcoin and minor currencies, including memecoins. In a 24-hour timeframe, currencies, including PEPE and FLOKI, experienced impressive gains since the weekend ending on October 29.
Recent insights from a market intelligence source highlight that the majority of Shiba Inu (SHIB) and another meme-based cryptocurrency's investors have yet to see positive returns in the past few days.
Within a day since the launch, FLOKI tokens worth more than $42 million have already been staked. However, the meme coin's price action turns bearish.
The memecoin FLOKI stakers have locked assets worth over $41.35 million in total value locked (TVL). That came within 48 hours after the project launched the staking program. That meant diminishing Floki Inu's supply by 12% for the foreseeable future. Meanwhile, that will reduce the coins from circulation for up to four years.
This positive momentum set the stage for many altcoins and higher-cap tokens to also rally. Bitcoin's surge was unexpected for many, even though there were reports of a Bitcoin spot Exchange-traded Fund (ETF) that turned out to be false.
In the ever-evolving world of cryptocurrencies, the past week has witnessed a remarkable surge in the values of meme coins PEPE and FLOKI. However, as the crypto community celebrates these gains, analysts are raising caution flags, warning that such rapid growth in meme coin values often precedes a broader market correction.
In an unexpected move, the team behind the crypto sensation Floki Inu has announced its decision to refrain from listing its latest crypto token on Centralized Exchanges (CEXs). The rationale behind this unconventional move stems from the withdrawal issues faced by investors who purchased the token on centralized exchanges.
The cryptocurrency realm is experiencing a seismic shift, with Bitcoin reclaiming its throne above the $35,000 mark, a feat unseen since May 2022. This resurgence, fueled by anticipations surrounding a U.S.-based spot bitcoin ETF, has triggered a domino effect, liquidating over $250 million in bitcoin short positions within a mere three-day span.
In the ever-evolving landscape of cryptocurrencies, one digital asset has captured the spotlight in recent days, and it goes by the name of FLOKI. Often considered as part of the meme coin universe alongside Shiba Inu (SHIB) and Dogecoin (DOGE), FLOKI is making significant strides, propelling it beyond its meme coin origins to emerge as a flourishing crypto ecosystem.
BTC-ETF market news fueled demand for cryptos. However, XRP trailed amidst fear of the SEC appealing the Programmatic Sales ruling.
Floki Inu (FLOKI) has shown remarkable strength and promise by surging 30%, securing a spot in the top 100 cryptocurrencies by market value. This impressive performance is seen not only in its price, which reached $0.00004012, but also in its trading volume and market capitalization, which increased by 101% and 26% to reach $346,337,681 and $380,541,869, respectively.
In a significant development within the cryptocurrency realm, the FLOKI token has experienced a remarkable 29.01% price surge in the last 24 hours, driven by the launch of TokenFi, a platform dedicated to real-world asset (RWA) tokenization.
The cryptocurrency market saw an eventful week with bluechips, memecoins and gaming tokens all taking part in the rally, signaling that crypto winter might be thawing. Floki Inu (FLOKI) topped the list with a whopping 85% gain as the memecoin continued its recent price surge, partially due to the TokenFi platform announcement.
