Floki soars by 50% after new project developments 

After trading sideways for the entirety of 2022, Floki (FLOKI) is back among the trending memecoins in 2024. This memecoin has increased by over 20% in the last 14 days and 50% in the past 30 days. 

One reason for the price surge is Floki’s new Telegram trading bot announcement. On 28th May 2024, Floki stated that it would introduce a Telegram-based bot on the BNB Chain network. The bot will support multiple blockchain networks, giving it an edge over some of the biggest Telegram bots, such as Trojan and BonkBot. 

The bot launched as a closed beta on the mainnet of three of the biggest EVM chains. On the same day as the Telegram bot announcement, the FLOKI price increased by 14%. 

Bullish momentum continued as the Coinbase International Exchange announced that it would roll out perpetual future contracts for Floki. In a tweet on May 23rd, Coinbase stated that it will support perpetual contracts for three major meme coins: Bonk, Shiba Inu, and Floki. 

The Floki perpetual contract will go live on 30th May 2024 at 9:30 am UTC. This decision is expected to increase Floki’s liquidity and attract more investors to the project.

Floki also announced a new Bug Bounty program on 27th May. Through this initiative, the Floki community can review the code and prevent hacks on the ecosystem. Floki promises a bounty of up to $50,000 for finding any potential bugs in the ecosystem. 

Currently, FLOKI is priced at $0.00027 per token and has a live market cap of $2.7 billion.