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Floki Inu (FLOKI) Rockets Up 55% Following Binance.US Listing

The recent news of Floki Inu’s (FLOKI) listing on Binance.US, the American branch of the popular crypto exchange Binance, has sent shockwaves through the cryptocurrency market. As a result of this listing, FLOKI has experienced a significant surge in value, gaining 55% in just 24 hours on April 24th.

This surge in value has brought FLOKI’s market cap to $410 million, a level not seen since February 2022, despite its low token price of $0.00004232 (1/236 of a cent). This milestone is particularly noteworthy, given the large supply of FLOKI tokens.

FLOKI/USDT 1 hour-chart on OKX | Source: TradingView

FLOKI is the people’s cryptocurrency and the utility token of the Floki Ecosystem, inspired by Elon Musk’s Shiba Inu dog. It is associated with several flagship utility projects, including an NFT gaming metaverse called Valhalla, a suite of decentralized finance products under the “FlokiFi” umbrella, an NFT and merchandise marketplace called FlokiPlaces, and a content and education platform called University of Floki. FLOKI has also partnered with leading crypto projects such as Chainlink, Trader Joe, and ApeSwap for its FlokiFi Locker digital asset locker protocol.

With FLOKI’s recent listing on Binance.US and the launch of staking on the project’s testnet, allowing holders to earn rewards, it remains to be seen whether FLOKI will continue to gain in popularity among crypto investors. As with any digital asset investment, caution and thorough research are always advised.

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