Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
Floki Inu (FLOKI) Crypto News Today
Floki Inu (FLOKI) is a memecoin named after Elon Musk’s Shiba Inu dog named Floki, driving its popularity within the crypto community. As of May 2024, FLOKI has a circulating supply of 9.18 trillion tokens.
Floki Inu’s goal is to blend the entertainment value of memecoins with practical utility through decentralized finance applications and nonfungible tokens.
Get all the latest Floki Inu news and analysis on Cointelegraph.
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If the vote is approved and the ETP goes ahead, Floki DAO will join Dogecoin as the second memecoin to have a registered ETP.
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Floki is one of a growing number of crypto firms issuing regional payment cards that let users spend cryptocurrencies.
6504 - Explained
Discover Floki Inu (FLOKI), the meme coin inspired by Elon Musk’s dog that has grown into a multi-functional crypto ecosystem.
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Floki Inu urged its community to obtain token information only from official sources to prevent falling victim to these fraudulent schemes.
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This represents a 15x increase compared to the S&P 500’s year-to-date returns.
3533 - Markets News
The top memecoins are far from previous highs, yet retail investors may view them as fairer opportunities than VC-backed coins with high fully diluted valuations.
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Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users.
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Pepe’s price has risen nearly 400% in the past week, and its market cap has doubled in the past two days.
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The SFC warned Hong Kong users on Jan. 26 and described Floki’s staking programs as “suspicious investment products.”
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The Floki team assured its investors it would go through all appropriate channels to fulfill all requirements with the Hong Kong authorities.
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The teams for crypto exchange Bitget and Web3 protocol Floki blamed each other for allegedly misleading investors.
3517 - Altcoin Watch
FLOKI’s gains coincide with the launch of its tokenization platform, TokenFi, but is the rally sustainable?
5424 - Analysis
Explore the top dog-inspired cryptocurrencies and the hidden potential behind cute memes.
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Sara Gherghelas, a blockchain research analyst at DappRadar, explains how the lower barrier of entry associated with memecoins may have sparked the adoption of the crypto asset class.
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