The popular meme cryptocurrency Floki Inu (FLOKI) has recently caught the attention of investors as it experiences a remarkable surge in trading volume, with a whopping 2000% increase in the last 24 hours alone.
In addition, the coin’s value has risen by an impressive 50% within the same timeframe, causing excitement among its holders. The surge in FLOKI’s popularity can be linked to its recent listings on several prominent crypto exchanges, which have brought the coin to the attention of a wider audience.
According to the data from CoinMarketcap, the coin is currently trading at $0.00004747, with an impressive weekly increase of 31.28%. This growth is not limited to the coin’s value alone, as its marketcap has also witnessed a surge of 48.62%.
Within the last 24 hours, FLOKI recorded a high of $0.00005486, while its lowest value for the day was $0.00003185. Despite this recent growth, it is still a long way from its All-Time High of $0.0003437, reached on November 4th, 2021, nearly two years ago. Its current value is still 86.19% lower than its peak value.
Floki Inu (FLOKI) Price Driving Factor
Floki Inu ‘s recent surge in price has been attributed to several factors, one of which is Binance’s decision to list the cryptocurrency. In a recent announcement, Binance revealed that PEPE and FLOKI would be added to their innovation zone.
However, just 2 hours after the announcement, Binance temporarily suspended deposits for both PEPE and FLOKI due to technical difficulties. It caused concern among investors, who were unable to view their deposits during this period.
Fortunately, the exchange’s team worked diligently to resolve the issue and, after three hours, announced that deposits for FLOKI and PEPE were once again available on the platform.
Another factor is the recent listing on GEN 3.0 Crypto Exchange ixfi. In an announcement that has excited investors worldwide, ixfi revealed that it would be adding Floki Inu to its list of tradable assets.
Bitfinex, one of the world’s leading digital asset trading platforms, has also jumped on board and announced that FLOKI is now tradable with USD and Tether $USDt.
To sweeten the deal, Bitfinex has also launched a trading fee promotion, offering zero fees for market makers and just 4 bps for market takers.
The cryptocurrency community has well-received the news of Floki Inu addition to several trading platforms, and many investors are anticipating further gains in the days and weeks to come.
Related Reading | Floki & Pepe Take Center Stage: Binance Announces Listings On Innovation Zone