- Floki trading volume is up 555% in the past 24H.
- Floki targets global recognition with Asia-Pacific partnerships
Floki, one of the popular memecoins has experienced a monumentary significant surge in the past 24 hours. Its price has risen from 0.0000172 to 0.0000197, and while it has seen a slight decline, it currently stands at $0.00001756. What sets this surge apart is that while Floki is on the rise, other top meme coins like Shiba Inu, Dogecoin and Pepe are seeing declines in their charts.
The reason behind this surge can be attributed to a recent tweet from the Floki team. Just hours ago, they addressed the FUD circulating within the community. In their tweet, the Floki ecosystem clarified that the network does not have a founder or co-founder. This statement was made in response to claims that “PetabyteCapital” was the network’s executive. The network emphasized that it is a “community project” at its core, with no history of any top executives whatsoever.
The report further highlighted that individuals sometimes falsely associate themselves with the network to generate hype to promote their own scams. It also underscored the importance of community members conducting thorough research and making informed investment decisions.
Meanwhile , @100viking, a co-contributor at Floki, also distanced themselves from being the project’s founder or co-founder. Even though they played a significant role in reviving the project single-handedly. Notably, @100viking used their own resources to breathe new life into the project after a developer pulled a rug, and then they handed it over to the community.
What Does Floki Have in Store?
Floki has ambitious plans for global recognition and has made substantial progress in the vast Asia-Pacific (APAC) region through strategic partnerships. The cryptocurrency’s ecosystem includes the NFT metaverse game Valhalla, set to launch on the mainnet later this year. This innovative game is poised to make a significant impact in China, given its gaming population of over 700 million.
Moreover, Floki is its marketing campaign in collaboration with Badminton Asia, aiming to reach an audience of over 600 million people, including 250 million households in China and Hong Kong. Additionally, Floki has strengthened its presence by partnering with ITTF World Table Tennis. It connects with more than 500 million enthusiasts of the sport.
FLOKI Price Chart, Source: TradingView
An analysis of FLOKI’s recent price movements reveals a prevailing intense battle between bears and the bulls. The short-term 9-day exponential moving average (EMA) currently stands at $0.00001764, indicating a slippery bullish sentiment. The Relative Strength Index (RSI) sits at 43, suggesting that oversold conditions may be on the horizon.
And the trading volume of Floki has surged by an impressive 546.07% in the last 24 hours, reaching $51 million.