The meme coin market has shown signs of recovery, with many meme tokens performing well. Among them, FLOKI has experienced an upward trend, recording a 9.18% increase in the last day and steady gains throughout the week.
Per CoinGecko at press time, FLOKI trades at $0.0001235. The meme coin’s daily trading volume is at $341,221,434. Moreover, several factors contribute to this price movement, including key developments within the FLOKI ecosystem.
The price surge follows Binance’s announcement that it will support the Simon’s Cat ($CAT) airdrop to FLOKI holders. This development was confirmed via the official FLOKI X account, @RealFlokiInu.
Binance Will Support the Simon’s Cat ( $CAT ) Airdrop to $FLOKI HoldersBinance, the world’s largest cryptocurrency exchange, will support the Simon’s Cat / $CAT airdrop to $FLOKI holders on its platform. You can read the full details of the announcement here:… pic.twitter.com/23tqY1br92
— FLOKI (@RealFlokiInu) August 20, 2024
The engagement of Binance, the world’s largest crypto exchange, has most certainly increased investor confidence and interest in FLOKI.
Launch of FLOKI Trading Bot
Additionally, the FLOKI team has launched the Floki Trading Bot on the mainnet of major Ethereum Virtual Machine (EVM) chains. This trading bot aims to simplify the process of buying and managing tokens directly from Telegram.
FLOKI TRADING BOT IS OFFICIALLY LIVE ON MAINNETFloki Trading Bot is the fastest and simplest way to buy and manage tokens — directly from Telegram — without having to deal with slow DEXs, transaction confirmation delays, or slippage issues that cost you money. Often, this could… pic.twitter.com/1EiJpGsgP5
— FLOKI (@RealFlokiInu) August 19, 2024
By eliminating issues related to slow decentralized exchanges, transaction confirmation delays, and slippage, the bot promises a more efficient trading experience.
It will initially operate on BNB, Ethereum, and Base, with plans to expand to Solana and other top EVM chains.
Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.
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Market Impact and Future Outlook
The combination of these announcements appears to be fueling the recent increase in FLOKI’s price. The airdrop support from Binance and the launch of the trading bot are both key events for the FLOKI community.
Beyond these announcements, FLOKI’s recent price action reflects growing investor interest. The 9.18% price increase in the past day, coupled with the 0.64% rise over the past week, indicates steady upward momentum.
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