- The price of the Shiba Inu (SHIB) rival meme cryptocurrency surged more than 32 percent on the day after Tesla founder Elon Musk tweeted about his dog.
Popular meme coin Floki Inu (FLOKI) The price is a Twitter by Elon Musk of sharing then he flew. Recently, Musk Dogecoin (DOGE) or Bitcoin (BTC) The Tesla founder’s pumping power seemed to have waned after his last words about the cryptocurrency market had no impact on the cryptocurrency market. However, this latest development proved the opposite.
floki pic tomorrow
— Elon Musk (@elonmusk) August 1, 2022
Musk talked about his dog, Floki, named after a character in the Vikings series, and prompted investors with the same name. Floki Inu (FLOKI) The meme managed to spur people to buy the cryptocurrency, and the token’s price rose by 20 percent in about an hour and by over 32 percent within the day.
Floki Inu is known among the crypto community as a Dogecoin (DOGE) and Shiba Inu (SHIB) clone with an affinity for the Viking theme. Originally released for entertainment, these tokens are now actively used as a means of payment, and some even operate on their own DeFi and metaverse infrastructures.
What is the Floki Inu (FLOKI) project?
Floki Inu is a well-known project that has invested quite a lot in its promotion. For example, boxer Tyson Fury took part in promoting the meme coin by donning a T-shirt with the emblem of the project, a dog wearing a Viking helmet. The project actively advertises, puts up posters around the world from the United States to London to Turkey, and negotiates heavily with major cryptocurrency exchanges for listings.
Among other things, the Floki Inu team also unveiled Project L yesterday, the first in-house DeFi protocol project under the FlokiFi wing. While FlokiFi is the entire project ecosystem, it is expected to serve as a crypto locker solution that allows it to lock and invest funds in Project L., ERC20, BEP20 and ERC-1155 networks.
Meme coin’s listings hit the mark last month
As we reported as Koinfinans.com, two Singapore-based giant cryptocurrency exchanges Bybitbit and BitWell recently added the dog-themed meme coin to its platform. Following the listing news and speculation, the project experienced very positive price movements in its price.
The listings of Bybit, which has more than five million registered users, and Bitwell, which has more than two million registered users and a daily trading volume of approximately $500 million, are expected to potentially significantly increase the usability and awareness of Floki.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.