FLOKI started Monday with a 20% hike.
Other mainstream dog-themed coins, Dogecoin (DOGE) and Shiba Inu (SHIB), had their price movements tethered to Bitcoin (BTC).
DOGE creator Billy Markus criticized the crypto market as he called it a “rigged casino with mostly dumb people.”
Major Price Action in FLOKI
FLOKI’s price just pumped by over 20% within the past 24 hours from a $0.0002353 low to a 0.0002846 high. As of 12:00 noon this Monday, the dog-themed meme coin’s value remained above 12% at $0.0002796. The last time it peaked this high was last Thursday.
The “people’s crypto“ clearly outperformed its mainstream counterparts, namely Dogecoin and Shiba Inu. The two only exhibited nearly 5% price movements within the same period.
FLOKI Team Teases a New Announcement Next Week
Hours ago, FLOKI’s account on X (formerly Twitter) teased an announcement on June 10within its ecosystem. This apparently caused a surge in interest for the token, which skyrocketed its prices.
The developers of the token with the recognizable Viking dog logo are currently mum on the nature of the announcement. It should be noted, though, that the upcoming one comes hot on the heels of the FLOKI trading bot’s closed beta mainnet launch on Telegram.
The FLOKI team described its new trading bot as an “innovative multi-chain Telegram on-chain trading bot designed to provide a seamless trading experience.”
The trading bot charges a 1% for its users. It utilizes FLOKI as its main utility token.
The FLOKI group added that 50% of the fee contributes to the token’s burn rate while the other half is directed to its treasury. This feature somehow serves as a double-edged sword, enhancing FLOKI’s utility while boosting its deflationary mechanics.
The FLOKI trading bot’s closed beta will run for two weeks after its launch on May 28. With that in mind, could next week’s announcement be related to it?
June 10 is about two weeks since the trading bot’s closed beta introduction.
DOGE Creator Criticizes the Crypto Market
Amid all this excitement revolving around FLOKI, DOGE creator Billy Markus, a.k.a Shibetoshi Nakamoto on X, just fired a potshot on the overall cryptocurrency market. His recent remarks came in response to the comments of popular non-fungible token (NFT) artist and collector Nate Alex.
Alex said it’s hard to care about crypto because it “feels like a rigged casino.” Markus immediately confirmed this, echoing the NFT artist’s sentiment. To add salt to the wound, the DOGE personality further stated that the crypto market is mostly made up of dumb people who live-action role-play (LARP) as smart people.
