FLOKI holders get BNB meme coin incentives
Simon's Cat, an animated cat brand, and Floki will create a meme currency on the BNB Chain.
FLOKI merchants will get a share of the new meme currency.
FLOKI may lose about 11% and push support at $0.00013635.
Floki (FLOKI) trades at $0.00013635 early Saturday. Some of Simon's Cat meme currency will go to dog-themed meme coin holders. Together with Floki on Binance and DWF Labs, the animated cat company is releasing a meme currency.
FLOKI holders may get a meme coin after the August 8 token release.
FLOKI may drop by double digits despite the project's formal relationship to Simon's Cat.
FLOKI struggling despite meme coin distribution strategy.
Simon's Cat, Floki, and DWF Labs are releasing a meme currency on Binance Chain. A token launch is anticipated on August 8.
The meme coin's supply will be split between FLOKI token holders and Floki trading bot users.
Floki Inu tweeted on X about the airdrop and how FLOKI holders and stakers may qualify:
Simon's Cat is one of the most popular cartoon series online, and its meme currency debut is good for FLOKI. It has not increased FLOKI.
FLOKI may devalue 11%.
FLOKI is falling. Dog-themed meme currency might break support at $0.00013635, an 11% drop. Moving Average Convergence Divergence (MACD) confirms the drop thesis, while red histogram bars beneath the neutral line indicate FLOKI's price momentum is negative.
A daily candlestick close above the Fair Value Gap between $0.000161 and $0.000159 might disprove the bearish thesis and push FLOKI into resistance at $0.000164, as seen in the chart.
