FLOKI has officially partnered with Nottingham Forest, a Premier League football team, for the 2024–2025 season.
After the news, FLOKI's value dropped 1.5 percent.
Some of the meme currencies with the most holders include DOGE, FLOKI, and MOG, according to statistics from IntoTheBlock.
Floki Inu (FLOKI) shares fell 1.5 percent on Thursday after the announcement of a 2024–2025 collaboration with Premier League team Nottingham Forest. Even if the market for meme coins has dropped, many addresses are still making money.
A relationship with Nottingham Forest has led to a downfall for FLOKI.
For the 2024–2025 Premier League season, FLOKI will serve as the official cryptocurrency partner of Nottingham Forest, the football club announced on Wednesday on its X account.
The relationship will reportedly provide FLOKI access to a number of benefits, including stadium presence, a "play on the pitch" possibility, live ads during Nottingham Forest home matches, and more.
Full commercial coverage during live matches will be available in FLOKI's mobile play-to-earn MMORPG Valhalla's new season advertising campaign with the English Premier League.
Meme coin's price has fallen 1.5 percent in the last day due to a drop in the meme coin market as a whole, but the news has not yet affected that price. The price drop of FLOKI brings its weekly loss to 7.8 percent.
Even if meme coins as a whole have been losing ground, a large portion of FLOKI's and a few other token holders are still making money.
IntoTheBlock's Global In/Out of the Money identifies the most popular meme currencies by showing the overall proportion of coins or addresses that are profitable or losing money.
Of all cryptocurrencies, 72.5% of DOGE holders are making money. This puts Dogecoin ahead of the pack.
Second position goes to FLOKI, which has a profit margin of 70.4% for its investors. Next in line with 61.5% are MOG, 56.1% are PEPE, and 46.3% are Shiba Inu (SHIB).
Bear in mind that more recent large-cap meme currencies like dogwifhat (WIF), BONK, and BRETT are not included in IntoTheBlock's statistics.
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