FLOKI is actually in a stage bottoming state at the moment. FLOKI is a meme-inspired cryptocurrency named after Elon Musk's Shiba Inu Floki. Originated as part of the meme coin craze that saw the rapid rise of Dogecoin and Shiba Inu, FLOKI has successfully carved out its own niche in the crypto space. The token's community-oriented approach and active participation on social media platforms have greatly contributed to its growing popularity.