FLOKI Reclaims $2 Billion Market Cap As Investor Confidence Surges
FLOKI reclaimed a $2 billion market cap, boosted by a $12 million purchase announcement from DWF Labs and new perpetual futures by Coinbase.
Despite short-term declines, FLOKI gained 420% in the last 30 days and nearly 600% over the past year, showcasing impressive resilience.
FLOKI’s play-to-earn metaverse, Valhalla, and extensive community marketing efforts have significantly contributed to its market resurgence.
FLOKI has recovered its $2 billion market capitalization. This milestone is an incredible achievement for the meme coin, which has had its ups and downs over the past year.
BREAKING: MEMECOIN $FLOKI (@RealFlokiInu) RECLAIMS $2 BILLION MARKET CAP pic.twitter.com/IvVra6WQO3
— DEGEN NEWS (@DegenerateNews) July 20, 2024
FLOKI‘s recent spike can be attributed to several factors. The token’s value increased by 12% following DWF Labs’ announcement of plans to purchase $12 million in FLOKI tokens from the open market and treasury.
This action has increased investor trust and helped the token’s upward trend. Coinbase Future’s issuance of FLOKI permanent futures has opened up more opportunities for traders to interact with the currency, boosting market activity.
Despite a recent 2% decrease in the last 24 hours, FLOKI has demonstrated resilience. The token has dropped by 9% in the last week and 25% in the last two weeks. However, these short-term movements have been covered by major gains of 420% in the previous 30 days.
FLOKI’s appeal is mostly due to its elaborate play-to-earn gaming metaverse, Valhalla. Valhalla is inspired by successful aspects of famous games like Pokémon and Skyrim. The platform allows players to capture and battle creatures known as Vera, tend crops that may be sold as NFTs, and participate in a variety of other in-game activities.
FLOKI’s developers made use of the power of community and marketing to propel the token ahead. The cryptocurrency has launched numerous promotional efforts which have attracted the attention of the community, resulting in increasing interest in the token.
FLOKI’s reclaiming of a $2 billion market cap demonstrates the token’s resilience and enormous community support. As the cryptocurrency evolves and expands its ecosystem, it remains a popular player in the volatile world of digital assets.
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The post FLOKI Reclaims $2 Billion Market Cap as Investor Confidence Surges appeared first on Crypto News Land.
$FLOKI is becoming unstoppable, and it looks like it could remove 1 zero from its price! Memecoins like $BONK and $BOME are also having a fantastic run. Expecting Bitcoin to support the trend too. We have seen profits grow by 14 times in the recent rally. #memecoins
I gave you the exact bottom twice around 0.0002400$, and this is not the end! 💥 Im extremly bullish here 🚀 Im confident to say that the price could rush the 0.00050$ zone within some weeks! That's would be another +60% pump! 🔥 If you don't understand the FA & all news behind the project, then #DYOR 📚 If you canno"t read & undrstand a macro [HTF] bullish breakout & retest, then DYOR! 📚 #FLOKI to the moon 🚀
DWF LABS TO PURCHASE $12,000,000 IN FLOKI TOKENS TO SUPPORT THE FLOKI ECOSYSTEM
As a testament to its unwavering support for the #Floki Ecosystem, DWF Labs will purchase $12,000,000 in $FLOKI tokens. A portion of the tokens will be acquired from the market, and the rest will be from the Floki treasury.