Popular meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) joined the overall bearish sentiment in the market and lost value. DOGE showed a 3.2 percent loss, while for SHIB it was 1.5 percent. However, it is worth noting that both of them experienced a decrease of 15-20 percent on a weekly basis. During these price movements, King Floki (KING), a token that was released just a week ago, rose over 400 percent.
KING gains as Dogecoin drops
cryptocoin.com As we have also reported, the number of coins inspired by DOGE and SHIB is increasing day by day. One of them was King Floki (KING), which was released last week. KING has been a bullish coin since its launch and has gained 425.82% in the last 24 hours. KING is a Binance Smart Chain (BSC) based token. According to the cryptocurrency’s official website, with the market cap reaching $25 million, many things will be distributed to users through the weekly lottery system. These allegedly include vacations to Dubai and other luxury destinations, luxury watches and gifts such as the Tesla Model Y. Its market cap at the time of writing is around $7.3 million.
King Floki was among the top earners yesterday on the popular cryptocurrency data platform CoinMarketCap. KING rose from $0.000001809 to $0.00001463 on the day. The $0.00001463 level also represents an all-time high. A final daily chart is as follows:
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