Meme coin has been blowing in the cryptocurrency market in recent weeks. One of them, Floki Inu, experienced an extraordinary price increase. The rise in FLOKI’s value is linked to various factors, such as a major listing by a reputed exchange. However, an advertising campaign was effective in today’s increase.
Meme coin craze: FLOKI moon traveler!
cryptokoin.comAs you can follow from , the excitement in the market does not subside. Especially the meme coin industry frequently makes moon trips. Floki Inu, one of the leading representatives of this sector, has seen a 70 percent increase with today’s development. The Meme coin project heralded an advertising campaign. In this context, Floki Inu made the following announcement from his official X account:
Floki has returned to mainstream New York with an aggressive marketing campaign: Times Square Plaza! Floki will be prominently displayed on a massive double-sided HD LED display in New York’s historic and unforgettable Times Square Plaza, right next to the Nasdaq billboard in Times Square, for three months starting March 15th! The digital billboard is so large that it covers 1,624 square feet of viewing space, which is larger than the average home in Manhattan, according to PropertyShark.
Floki Inu has been among the top performers in his field for weeks. It is currently trading at around $0.0002202. Meme coin has increased by approximately 70% on a daily basis. In addition to Upbit’s listing, its latest move was also effective in this rise. The token showed an extraordinary performance of 270% on its weekly chart.
Additional support and rising TVL
Uphold’s decision to list FLOKI also contributed to the token’s recent rise. The team called the listing a “big deal,” arguing that it could increase the coin’s accessibility. Cryptocurrency exchanges that have previously adopted Floki Inu include Binance.US, Kucoin, and more.
Key measurements of the asset’s ecosystem also trended north. Data shows that the total value locked (TVL) in the staking program has reached an all-time high of $455 million.
Meme coin project burns billions of tokens
Finally, according to experts, the revival is linked to the Floki DAO’s announcement to burn more than 190 billion FLOKI to ensure “long-term security and stability” for the ecosystem. The cache, currently worth approximately $37 million, will be destroyed by the end of the week. Incineration activity will make FLOKI less and less valuable. Another meme coin that has adopted a similar burn schedule is the self-proclaimed Dogecoin killer Shiba Inu.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!