**Floki DAO's Bold Move for Memecoin Legitimacy**

The Floki DAO has unanimously decided to allocate part of its 16.3 billion Floki tokens to support liquidity for an upcoming exchange-traded product (ETP). This ETP, launching in early 2025, aims to introduce traditional European investors to the Floki memecoin, currently ranked 66th by market cap.

The ETP will be listed on the SIX Swiss Exchange, marking a significant step for memecoin credibility. Memecoins have been a hot topic, with 2024 seeing them as the second-best performing crypto narrative, boasting a 2185% return. Despite their popularity, memecoins continue to spark debate over their speculative nature.