Small-cap cryptos are driving growth as the meme coin segment is on the rise again. FLOKI, one of the biggest meme coins, has been performing brilliantly despite the stagnation in the overall market. Experts attribute this to the upcoming Coinbase listing and the big announcement the community has been waiting for. By the way, developers of meme coin introduced a trading bot today.
Floki Inu trended on Binance and OKX: Meme coin price skyrocketed!
Today, Floki Inu (FLOKI), the biggest rival of Dogecoin (DOGE) and Shiba Inu (SHIB), made a big debut. Meme coin price reached a multi-month high above $0.0002770. FLOKI price increased by more than 25% in 12 hours. Thus, the token increased its weekly gain to approximately 40%.
The project’s official X account shared a minimalist cryptic advertising video showing the date 27.05.2024 for a game-changing announcement. It looks like the Floki Inu community is excited. The asset jumped in the “Trending” sections of Binance (BNB) and OKX, two top centralized crypto exchanges.
Aside from the expectation of a mysterious announcement, experts attribute the excitement FLOKI has created in the markets to its highly anticipated debut on Coinbase’s permanent dashboard. FLOKI/USDT continuous trading on Coinbase will begin on May 30, 2024. cryptokoin.comAs you follow from , FLOKI entered the top 50 cryptos by market cap last March.
Floki developers introduced their new trading Bot!
Floki developers introduced a trading bot today. This bot will allow FLOKI holders to trade any token on BNB Chain. The Telegram-based bot will initially be available to a small number of users during a beta testing period to find and resolve any technical bugs. Developer B said the public launch would likely be “in mid-June.”
Additionally, Developer B stated that the service will expand to Ethereum and Base Blockchain later. Developers expect the service to increase demand for FLOKI tokens. Because users will need to have coins to use the bot. The bot takes a 1% fee from each transaction. The team announced that 50% of the fees collected will be used to purchase FLOKI on the open market. Therefore, this will increase the demand for tokens.
Telegram-based trading bots and BonkBot example
The product is the latest version of a set of utilities and a metaverse in the Floki ecosystem. The token first launched in 2021 as a meme coin themed around the Shiba Inu dog breed. It has since been rebranded as a utility token that powers Floki-based protocols and products. Telegram-based trading bots began to gain popularity with the launch of Unibot in early 2023. These bots allow users to bet on tokens as easily as they can chat with each other on the messaging app.
Meme coin projects such as Solana-based Bonk (BONK) have previously launched their own trading bots. These bots became popular among their communities. For example, Bonk’s BonkBot was at one point responsible for 70% of all on-chain transactions on Solana. It also contributed to over $1 million monthly buying pressure on BONK.
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