Despite a recent vote, Floki's price has dropped by 3.6% in the last 24 hours. The Floki DAO, which oversees the Floki memecoin, has decided to use some of its tokens for liquidity in a new exchange-traded product (ETP) set to launch in 2025. This move aims to attract traditional finance investors in Europe to the memecoin, currently ranked 66th by market cap. Memecoins were one of the top-performing crypto narratives in 2024, with a significant increase in investor interest. However, this trend has sparked debates within the industry, with some advocating for a shift towards more utility-focused projects. Despite the divide, memecoins continue to gain popularity, with platforms like Pump.fun driving significant revenue on Solana. The future of memecoins remains uncertain, with industry leaders calling for a balance between memes and real blockchain applications. Read more AI-generated news on: https://app.chaingpt.org/news