😱🚀🚀New stock market news sent Floki (FLOKI) soaring

Ethereum-based memecoin Floki ($FLOKI ) soared on Wednesday after Coinbase announced its listing.

Floki's trading volume increased by 99.4 percent in the last 24 hours, with a significant increase in on-chain records. According to CoinMarketCap results, the popular memecoin's price increased by 15 percent in the last 24 months, reaching its highest figures in 5 months. Crypto exchange Coinbase announced that the listing will be carried out (regional). The exchange stated that only Floki's ERC-20 network will be supported.

Coinbase developments Positive developments for Floki (#FLOKI )

Coinbase's FLOKI move comes after other memecoins such as Pepe (PEPE) and Dogwifhat (WIF), which the exchange recently listed. PEPE had increased by over 50 percent in 24 hours after simultaneous listings on Coinbase and Robinhood.

Currently ranked 49th on CoinGecko in terms of market value, memecoin stands out with a market value of 2.68 billion. The token’s total 24-hour trading volume increased by 100.8 percent to 1.34 billion. In addition, the FLOKI/USDT pair on Binance saw a trading volume of 264 million in 24 hours.

Trump triggered a memecoin rally with his victory

There was a significant movement in memecoin with Donald Trump’s presidential victory. While the market value of Dogecoin (DOGE) increased by $ 30 billion in a week, Solana-based Bonk (BONK) gained more than 80 percent.

Floki, on the other hand, gained more than 600 percent during the year and is currently seen 20 transactions below the ATH reached six months ago.

This rapid growth has drawn attention to the focus of institutional investment. Crypto investment firm DWF Labs recently launched a 20 million fund for memecoins.

#AltcoinNextMove #MemeWatch2024 #FLOKIUSDT #binance