Floki Inu ($FLOKI), the dog-themed meme coin built on Ethereum, saw a massive 21% spike in under an hour, reaching a five-month peak of $0.00027, following Coinbase’s announcement that the coin will be added to its listing roadmap.
This surge came right after an exciting week of updates from the Floki team, which included a partnership with the Mall of the Emirates and a collaboration with Kick F1 Sim.
Launched in 2021, Floki Inu has experienced significant growth, hitting a new all-time high market cap of nearly $3 billion in June 2023.
Currently, the token is up 89% for the week, fueled by this latest positive news. Unlike other popular meme coins recently listed on Coinbase, such as $PEPE and $WIF, Floki stands out for its built-in utility.
The token is not just a meme—it serves as a launchpad for new projects and even features a play-to-earn game, Valhalla, enhancing its appeal to a broader audience.
FLOKI SOARS TO 5-MONTH HIGH AFTER COINBASE ANNOUNCEMENT
– @RealFlokiInu $FLOKI, the dog-themed Ethereum meme coin, surged 21% in under an hour after Coinbase revealed plans to add it to its listing roadmap, reaching a five-month high of $0.00027.
– This announcement followed a… pic.twitter.com/02ithrQZkT
— BSCN (@BSCNews) November 15, 2024
One notable investor, @theunipcs, who previously made $12.58 million by betting on $DOGE, also saw impressive gains with Floki. After the Coinbase announcement, this smart money trader’s holdings surged in value.
Having accumulated 14.6 billion FLOKI at an average price of $0.0001715, their floating profit reached a remarkable $1.395 million, reversing a previous floating loss of $727,000 earlier in the month when the price had dropped.
押注 $DOGE 获利 1258 万美金的 MAGA 聪明钱(@theunipcs) 在 $FLOKI 上也赢麻了🤩
凌晨 Coinbase 宣布将 FLOKI 加入上币路线图，受此利好币价上涨 25%；该地址以均价 $0.0001715 囤积的 146 亿枚 FLOKI 已浮盈 139.5 万美金，月初下跌时他一度浮亏 72.7 万美金
怎么能先后踩中三次大机会呢，太牛了 https://t.co/nIwGufv09g pic.twitter.com/wWLPZeGvta
— Ai 姨 (@ai_9684xtpa) November 16, 2024
Floki’s recent growth demonstrates that, even in the world of meme coins, genuine utility and strategic partnerships can propel a project to new heights, with Coinbase’s listing acting as a major catalyst for its latest price surge.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Floki Hits 5-Month High After Coinbase Listing Announcement appeared first on The Merkle News.
