Floki DAO unanimously approved on 1/2 to use part of the community funds as liquidity funds for the meme currency Floki ETP, and is expected to become the second meme currency to launch a registered ETP after Dogecoin.
Floki DAO resolution passed
Floki DAO, the decentralized autonomous organization responsible for managing the meme currency Floki, has previously proposed using 16.3 billion tokens FLOKI with a market value of approximately US$2.8 million as liquidity for ETP. And just on 1/2, the Floki Liquidity Fund proposal was overwhelmingly passed with 99% support. It is expected that in the first quarter of 2025, Floki ETP will be listed on SIX, the third largest stock exchange in Europe and the largest in Switzerland, and enter the mainstream financial market.
Meme coins will explode in 2024, with return on investment as high as 2,185%
According to a CoinGecko report, meme coins became the second-best performing crypto asset class in 2024, with an average return of 2,185% for the year, second only to AI cryptocurrencies, which returned 2,939%.
Not only that, Google keyword search data in October 2024 shows that the search popularity of meme coins once surpassed Bitcoin (Bitcoin). Memecoin’s search index is 77, while Bitcoin’s is only 33, showing the market’s high interest in memecoins.
In addition, the meme currency issuance platform Pump.fun also became the first Solana application to earn more than 100 million U.S. dollars in a single month in 2024, and helped Solana’s decentralized application revenue reach 365 million U.S. dollars in November 2024.
(Solana DApp’s revenue soared past 365 million mg in November! Meme currency platform Pump.fun contributed 109 million mg in a single month)
The meme currency market is polarized, drawing criticism from industry insiders
Although meme coins are popular in the market, many people in the industry criticize meme coins for their speculative nature. In November 2024, former Binance CEO CZ said on Twitter: "I am not against memes, but the current meme currency is a bit too weird. We should focus on using blockchain to build truly useful applications." This statement highlights the polarization of the meme currency market. On the one hand, it is regarded as an emerging asset class that creates community value and cultural symbol. However, on the other hand, due to its excessive speculative nature, many users have doubts about the stability and sustainability of the market. Sexual concerns.
CZ took to Twitter to weigh in on the memecoin phenomenon.
This article: The Meme Coin Floki ETP proposal was overwhelmingly approved by Floki DAO! Listed on the Swiss Stock Exchange SIX in the first quarter of 2025 first appeared on Chain News ABMedia.
