Shiba Inu’s rival, Floki (FLOKI), started a massive rally as we reported yesterday. Despite the new burn proposal, there was movement in the price, a meme coin continued to rally with the news of the listing that followed.
FLOKI has gained 48% in the last 24 hours, reaching $0.00001684. Due to the price increase, the transaction volume of meme coin also increased by 386%. Saturday’s move comes after Singapore-based MEXC exchange added support for Floki.
MEXC exchange will launch FLOKI/USDT futures on January 28 announced. To celebrate the listing, the Floki team said on Twitter:
“FLOKI futures went live on MEXC. This is FLOKI’s first futures listing and allows interested users to take advantage of FLOKI trading with up to 20x leverage on the MEXC exchange.”NEWS CONTINUES BELOW
New DAO Proposal
On January 27, FLOKI price surged from its intraday low of $0.0000106 to $0.0000177.
As we reported yesterday, the rise came after an announcement made yesterday. The team behind the meme coin proposed burning $55 million in FLOKI in its vote to the community, reducing the fee charged per each transaction.
If the proposal passes the vote, the Floki dev team will remove 4.97 trillion tokens worth approximately $55 million.
You can follow the current price action here.