Home Analysis Floki Inu rallies 50% alongside testnet staking launch, Binance.US listing

Floki Inu rallies 50% alongside testnet staking launch, Binance.US listing

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Floki Inu (FLOKI) is up 50% in 24 hours on April 24th.

Floki Reaches $410 Million Market Cap

As of 7:15 PM UTC, FLOKI is worth $0.00004232 (1/236 of a cent), marking a high not seen since February 2022.

Assets have a large supply of tokens despite low token prices. As such, it is currently the 105th largest cryptocurrency with a market cap of he reported at $410 million.

FLOKI’s latest rally coincides with the launch of staking on the project’s testnet and represents a step towards enabling owners to earn rewards.

The asset was simultaneously listed on Binance US, the American branch of the popular cryptocurrency exchange Binance. Fellow memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) were also listed on his Binance.US, but their 24-hour gains were his 1.1% and his 0.5%.

Floki down from ATH

FLOKI’s current value remains well below its all-time high valued at $0.0003 (1/33 of a cent) in November 2021.

The wealth hit a record high in September 2021, around the time Tesla CEO and memecoin proponent Elon Musk named his dog after cryptocurrency.

The project has also seen recent price increases. Notably, FLOKI won his February 2023 gain of over 40%, attracting even more attention from Musk.

Flok Inu is one of many similar ‘memecoins’ and the fact that many of its competitors are very similar means there is little guarantee of its lasting value.

Post Floki Inu has collected 50% with the launch of testnet staking. Binance.US listing first appeared on CryptoSlate.

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