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Floki Inu Takes Flight With Binance TR Listing: Trading Volume Soars By 70%

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In an exciting announcement, the renowned cryptocurrency, FLOKI, has made its presence felt once again. The team behind Floki Inu recently took to Twitter, announcing a significant development that has set the crypto community abuzz. 

According to the tweet, Binance TR, one of the leading cryptocurrency exchanges, will be listing FLOKI in the TRY trading pair. For those unfamiliar with financial jargon, TRY stands for the Turkish Lira, Turkey’s national currency.

The decision to list the token in the TRY trading pair is particularly noteworthy due to the immense popularity of FLOKI in Turkey. This move will undoubtedly enhance accessibility for Turkish investors and crypto enthusiasts, allowing them to trade and invest in the token easily. 

With Turkey emerging as a hotbed of FLOKI supporters, this listing is set further to strengthen the cryptocurrency’s position within the country.

The commencement of trading is scheduled for 8 am UTC on May 24, 2023, marking a significant milestone for FLOKI and its ardent followers. This development comes on the heels of Binance TP’s announcement on Twitter.

The cryptocurrency exchange expressed its commitment to community engagement and revealed its decision to list the Turkish Lira. Alongside FLOKI, Binance TP also disclosed that they would list CITY, the digital asset associated with Manchester City Football Club, another highly recognized brand.

The listing of FLOKI and CITY on the TRY trading pair is set to occur at 11:00 am on May 24, 2023, further solidifying Binance TP’s dedication to facilitating a diverse range of trading opportunities. The hashtag #buildtogether has been used by Binance TP, underscoring their commitment to fostering collaboration and growth within the crypto community.

However, as the clock ticks closer to the trading commencement time, crypto enthusiasts eagerly await the chance to participate in this new opportunity. With FLOKI’s popularity soaring and Binance TP’s proactive approach, the stage is set for a surge of trading activity in Turkey. 

Floki Inu Price Analysis

Following the announcement, the token is currently showing some bullish signs, as per the latest data from CoinMarketcap. The cryptocurrency is trading at $0.00003273, up by about 4.56% in the last 24 hours. However, the weekly chart recorded a decline of about 1.72%, indicating some market volatility. 

FLOKI 1D graph coinmarketcap 1
Source: CoinMarketcap

In addition, the token’s trading volume has increased by about 70%, reaching $34,878,321, whereas the market capitalization has increased by 4.64% in the last 24 hours.

Related Reading | PEPE Token Makes Waves: Bitfinex Listing & PancakeSwap Staking Opportunities

Floki Inu Lands In Korea With Bithumb Listing & Exciting Airdrop Bonanza

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Floki Inu, the popular cryptocurrency token, has officially entered the Korean market, bringing excitement and potential for increased adoption in Asia. South Korean users can now seamlessly purchase FLOKI tokens using the Korean won (KRW), marking a significant milestone for the Floki community.

The news of FLOKI’s listing on Bithumb, one of the largest cryptocurrency exchanges in South Korea, was shared on Twitter. Bithumb boasts an annual turnover of 1.01 trillion KRW and serves over 3 million users in the country. 

Simultaneously, Bithumb announced the addition of another token, PEPE, to its KRW market. The details for both Floki Inu and PEPE transactions are as follows: FLOKI supports the BEP-20 network, with the deposit start time scheduled for 11:00 am on May 18th (Thursday). 

Trading will begin at 2:00 pm on the same day, with the standard price set at KRW 0.0431. As for PEPE operates on the ERC-20 network, deposits will also start at 11:00 am on May 18th, with trading commencing at 3:00 pm. The standard price for PEPE is KRW 0.0020.

Floki Inu Airdrop Event: Rewards Based On Transaction Contribution

To celebrate the listing, Bithumb has organized an airdrop event for FLOKI traders. The event spans five days, from May 18th (Thursday) at 3:00 pm to May 22nd (Monday) at 11:59 pm, and offers FLOKI tokens as rewards based on participants’ transaction contributions. 

The daily reward allocation for the event is 147,000,000 FLOKI. Winners can expect to receive their rewards on June 8th (Thursday).

Moreover, Bithumb has introduced a bonus airdrop event for members who accumulate more than 100BM (Bithumb mileage) on May 17th (Wednesday). 

Participants will receive a bonus based on their total rewards earned from the daily trading airdrop event, with bonus rates varying depending on the amount of mileage accumulated. The BM bonus distribution is scheduled for June 9th (Friday).

image 60
Example of bonus quantity calculation

Additionally, there is a one-day airdrop event exclusively for FLOKI traders who make purchases of 100,000 KRW or more within the KRW market. The event runs from 3:00 pm to 11:59 pm on May 18th (Thursday), and the first 2,000 customers who meet the criteria will each receive 225,000 FLOKI tokens.

It is important to note that participants should be aware of event criteria and follow the guidelines provided by the exchange. Certain conditions apply, such as the possibility of overlapping events, exclusions of specific participants, and the potential for restricted participation following financial transaction regulations.

Nevertheless, the listing of Floki Inu on Bithumb and the associated airdrop events provide an opportunity for Korean users to engage further with the crypto market.

Related Reading | BitMEX Introduces Floki Inu Perpetual Listings With Up To 50x Leverage 

BitMEX Introduces Floki Inu Perpetual Listings With Up To 50x Leverage 

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BitMEX, one of the world’s leading crypto derivatives exchanges, announced that it would be adding two Floki Inu perpetual listings to its platform, FLOKIUSD (Bitcoin-margined) and FLOKIUSDT (Tether-margined), with up to 50x leverage. 

According to the exchange’s blog post, Floki Inu is a cryptocurrency created by fans and members of the Shiba Inu community and named after Elon Musk’s Shiba Inu.

Starting at 12:00 UTC on May 10th, 2023, BitMEX traders will have the opportunity to take long or short positions on FLOKI through two new listings.

The FLOKIUSD offering is categorized as a quanto contract, which implies that it features a consistent Bitcoin multiplier. This unique attribute enables traders to speculate on the fluctuation of the FLOKI/USD exchange rate without the need to handle either FLOKI or USD directly. 

By depositing the margin in XBT, traders can realize gains or losses denominated in XBT as the FLOKI/USD rate oscillates.

On the other hand, FLOKIUSDT is a USDT-margined linear perpetual swap that enables traders to leverage trade the FLOKI token’s price without having to possess FLOKI, thereby gaining exposure to the token’s price movements.

Both FLOKIUSD and FLOKIUSDT come with specific contract specifications that traders need to keep in mind. For instance, the FLOKIUSD has a Bitcoin multiplier of 1 XBT, a max leverage of 50x, and a risk limit of 50 XBT, among other things.

Similarly, FLOKIUSDT has a margin currency of USDT, a max leverage of 33x, and a risk limit of 1,000,000 USDT, among other features, according to the blog post.

BitMEX encourages traders to check their blogs regularly and follow them on social media to be the first to know about new listings, product launches, and giveaways. 

However, with these two new FLOKI listings, BitMEX seeks to provide its traders with more opportunities to trade and leverage their positions while staying ahead of the competition.

Floki Inu (FLOKI) Price Analysis

Floki Inu is currently showing bearish signs, as per the latest data from CoinMarketcap. The cryptocurrency is trading at $0.00003462, down by about 2.83% in the last 24 hours. However, the weekly chart recorded an increase of about 4.28%. 

FLOKI 1D graph coinmarketcap
Source: CoinMarketcap

In addition, its trading volume has witnessed a decrease of 37.78%, reaching $40,046,602 in the last 24 hours, whereas the market capitalization has decreased by 2.86%. 

Related Reading | PEPE Coin Gains Listing on Gemini Exchange

Floki Inu Takes Off: 2000% Surge in Trading Volume Fueled By Multiple Catalysts

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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.

image 12
Source: CoinMarketcap

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%.

FLOKI 1D graph coinmarketcap 2
Source: CoinMarketcap

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

FLOKI Takes An 11% Dip, But BTCEX Launchpad Signals Potential Comeback 

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Floki, the meme-inspired cryptocurrency, has recently encountered a downturn in its fortunes, with a notable 11% drop over the course of the last week. 

However, there may be a reason for optimism on the horizon as BTCEX, a prominent crypto exchange, has unveiled its latest Launchpad Debuts initiative, featuring an airdrop of TOKO tokens. 

This development has raised hopes that Floki is next in line to benefit from the exchange’s support, potentially sparking a rebound in the coin’s value.

According to the data from CoinMarketcap, the coin is currently trading at $0.00003232, with a dip of about 5% in the last 24 hours time period. Meanwhile, 24-hour trading volume and the coin’s market cap are also down by 41.02% and 41.02%, respectively.

FLOKI 7D graph coinmarketcap 1
Source: CoinMarketcap

Over the course of the past week, there has been a sharp decline in the value of a particular coin. Starting off at a high point of $0.00003999 per coin, the value has steadily dropped to a low of $0.00003133. 

A recent analysis of FLOKI’s price trends predicted that the coin could reach a peak value of $0.0000682 in the near future, indicating potential growth in the market, as per the data from Digital coin price.

Furthermore, FLOKI’s price fluctuations suggest that investors may witness a dip of up to -$15.2% at the beginning of June 2023 before experiencing a substantial surge in value during the middle of the month. 

However, according to forecasts, FLOKI’s price is expected to rise by an impressive $111.03% at its peak during mid-June. This positive trend is anticipated to continue towards the end of the month, with an estimated growth rate of $58.89%.

BTCEX: “FLOKI Next in Line”

BTCEX, a major player in the crypto exchange world, has made a significant announcement via a press release. The company has launched its latest offering, BTCEX Launchpad, a platform designed to serve as a one-stop destination for token launches and airdrops. 

The platform will feature its first token, TOKO, and will launch an airdrop campaign for it soon. In addition, BTCEX will also run a FLOKI airdrop campaign on May 10, following the same process as the TOKO campaign. With this move, BTCEX aims to promote the adoption of FLOKI tokens further and expand its user base.

To participate in the TOKO airdrop campaign, BTCEX has introduced a pay-first, refund-after approach. After the campaign concludes, subscribers will receive automatic refunds of the amounts they subscribed to, deposited directly into their payment accounts.

Related Reading |  Shiba Inu Leads The Pack: Global Interest In Meme Coins Soars In 2023

Here’s Why Floki Inu Remains “Pup-ular” Among The Pack

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Floki Inu’s Binance US listing has drawn quite an attention as the popular meme-inspired token jumped by 40% recently. As of now, FLOKI is still trending on Twitter with 700K+ mentions, alongside crypto heavyweight Bitcoin, and its rival Bone.

A possible factor behind the hype could be Elon Musk’s interaction with it, even if they don’t seem directly correlated at times.

In February, the proponent of DOGE and cryptocurrency entrepreneur posted a mocking image of his dog wearing glasses and signing a contract to take over as CEO of Twitter.

Given that his Shiba Inu breed is named Floki, it is hardly surprising why the Floki Inu token, skyrocketed by over 40%.

But this wasn’t the first time Musk had raised the price of the meme coin. He previously dressed his dog like Santa Claus for Christmas 2021.

Additionally, Floki secured a number of prominent listings, such as BTCEX and Crypto.com, one of the most well-known and well-governed cryptocurrency exchanges in the world.

This listing introduces the project to Crypto.com’s vast user base of over 80 million.

In Feb, the team behind Shiba Inu’s rival Floki Inu published its brand new roadmap for the current year. The roadmap gave readers of the blog a sneak preview of its plans for guiding the Floki community through the various stages.

Floki Inu’s Roadmap For 2023

Divided into four phases, the first of which includes the activities that have already been performed, such as the opening of Floki’s online store and collaborations with the decentralized oracle platform Pyth Network and the cryptocurrency payments service Binance Pay.

The next stages are the upcoming release of a native staking program, revamping the FlokiFi protocol, and the launch of the Floki Debit Card.

The native Floki staking program’s “Phase 1” is currently being developed, according to the blog, and will shortly be introduced with a crucial DAO vote.

Phase 3 will see the release of FlokiFi’s second major product, currently codenamed “Project TL” on 4 chains.

The main utility product and metaverse game Valhalla will be released at the final stage. Additionally, the company revealed information on a “mystery project” that it says “will play a key role within the Floki ecosystem.”

The team added that the aforementioned phases are not constrained by set timetables or necessarily represent “quarters” “months” or any other unit of time.

Floki Inu Rockets Up, Binance.US Listing Ignites 35% Surge In One Day Chart

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Floki Inu, a popular meme cryptocurrency, has been making waves in the altcoin market today after experiencing a massive 35% surge earlier in the day. This surge is believed to be due to the latest announcement from Binance.US regarding the listing of Floki Inu.

In a tweet, Binance.US announced on April 24th that deposits for FLOKI were now open on their platform. The tweet went on to highlight the various offerings within the RealFlokiInu ecosystem, including a Play-to-Earn game, FlokiFi (DeFi), Floki prepaid card (Visa/Mastercard), and NFT collections and marketplaces. 

This news has brought increased legitimacy to the Floki Inu coin and placed it firmly in the ranks of other meme coins such as DOGE and SHIB.

Floki Inu also took to Twitter to confirm the news of their listing on Binance.US, calling it “MASSIVE news.” The tweet went on to praise Binance as the “world’s biggest, most trusted, and most recognized crypto brand.” 

The FLOKI deposit is now open on Binance.US, and trading on the FLOKI/USD and FLOKI/USDT pairs is set to begin on April 25th, 2023, at 5 a.m. PDT / 8 a.m. EDT / 12:00 p.m. UTC.

Floki Inu Price Rise

The news of the Binance.US listing has caused a significant spike in the value of Floki Inu, which has been steadily rising in popularity over the past few months. Binance.US’s announcement has caused the token to reach a new high of $0.000047 today. 

According to CoinMarketcap, the token is presently being traded at $0.00003809. However, the most noteworthy aspect of this development is the remarkable surge in trading volume, which has escalated by an astonishing 2000% within the last 24 hours. This increase in demand has also caused the market capitalization to rise by 20%.

FLOKI 7D graph coinmarketcap
Source: CoinMarketcap

In response to the recent move, members of the community have expressed their opinions. One individual stated, “I guess this is what happens when you mix memes with fundamentals.”

Meanwhile, others congratulated the move, with some exclaiming, “HUGE! Congrats.” However, some members also raised the question of when normal trading would resume on Binance.

However, with its unique offerings within the RealFlokiInu ecosystem and increased legitimacy in the crypto market, it will be interesting to see how the coin fares in the coming days and weeks.

Related Reading | Binance Reopens Doors To Russian Bank Card Transactions: Report

DOGE Takes Flight Post Twitter Icon Change, Leads To 4-Month High with 25% Surge

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Twitter users were in for a surprise on April 3rd, as the social media giant changed its blue bird logo to that of the Dogecoin symbol. Shortly after the change, the CEO of both Twitter and Tesla, Elon Musk, posted a meme tweet, sending the price of Dogecoin soaring to a four-month high.

The popular meme-inspired coin rose by 25% in just 24 hours, reaching a major resistance level of $0.1026, according to the data CoinMarketCap. The trading volume during this period also saw an incredible surge, skyrocketing by 432.06%, and the market cap rose by 25.36%.

DOGE 1D graph coinmarketcap
Source: CoinMarketcap

Multiple times in the past have shown that Elon Musk’s tweets about the mem coin significantly impact its price. Throughout 2021, Musk has promoted the cryptocurrency with catchy slogans such as “Dogecoin is the people’s crypto.” He has even gone so far as to refer to himself as the “Dogefather.”

It is not the first time Musk has shown his love for dogs. Last year, his electric vehicle company, Tesla, launched a new line of whistles inspired by the Cybertruck series. He even posted a picture of a dog as the CEO of Twitter.

image 6

Musk’s Tweet Sparks Frenzy Over Doge Icon 

Shortly after the Twitter icon change, Musk tweeted a meme, and the image depicted a traffic police officer checking Twitter’s license while a dog sat in the driver’s seat. This tweet made the Twitter community frenzy, with many users posting interesting images about the Doge icon.

Even other meme-inspired cryptocurrencies got in on the action. The team behind Floki commented that their coin was doing a pretty good job as CEO, while BabyDogeSwap commented that the tweet tweet had now become woof woof.

While some users were initially confused by the new icon, others embraced it, with one person saying, “Thought I was being hacked, but the Dog is growing on me.” Others joked about finally making some money from their Dogecoin holdings, with one user exclaiming, “Wow! I finally made $0.69 from my 10 $doge holdings!!! BEST DAY OF MY LIFE!!!”

It seems that Musk’s love for dogs and his ability to create hype on social media platforms has once again worked in favor of the meme coin. With the social media giant’s estimated millions of monthly active users and visitors now seeing the dog icon, it will be interesting to see how this impacts the cryptocurrency’s price in the long run.

Related Reading | Arbitrum’s Governance Woes: 50M ARB Tokens Sent To Wintermute Amidst Proposal Rejection

FLOKI 24-Hours Trading Volume Boosted By Over 160% – Here’s Why

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Despite the overall bearish trend in the market, the Floki token has managed to stand out by registering a staggering growth in trading volume of about 162% in the last 24 hours. This unprecedented surge has caught the attention as the token continues to defy the odds in a challenging market environment.

image 28
Source: CoinMarketcap

Floki Inu is an ERC-20 token, representing another dog-themed meme coin that exists on the Ethereum (ETH) blockchain. According to its whitepaper, it is not just a meme coin but a movement created by enthusiasts and members of the Shiba Inu community who have given birth to this new cryptocurrency.

In addition to the impressive trading volume, the Floki token has also experienced a significant surge in the daily chart of about 15% earlier today before retreating slightly and currently holding on to a daily gain of 8%. However, the weekly chart still reflects a bearish trend with a loss of about 9.12%.

According to the latest data from CoinMarketCap, the price of the Floki token is currently at $0.00004389. This positive momentum has created excitement among traders and investors who are looking to capitalize on the token’s potential for further growth.

FLOKI 1D graph coinmarketcap
Source: CoinMarketcap

Despite this positive outlook of the token, CoinCodex provided a pessimistic projection for the short-term value of Floki Inu in 2023. According to their analysis, the coin may plummet to $0.00003359 by March 12th and then further decrease to $0.00003007 by April 6th.

image 27
Source: CoinCodex

FLOKI Token’s Price Driving Factor

FLOKI is on a roll once again. The token has been making headlines lately, and there are a variety of reasons why it is up today. One of the major reasons for the spike in the token’s value is the recent announcement that FLOKI/USDT trading is live on the Indian crypto exchange WazirX.

This means that investors can now buy, sell, and trade FLOKI in the USDT market of WazirX. This news has created a lot of excitement in the cryptocurrency community and has contributed to the recent surge in FLOKI’s value.

But that’s not all. According to a recent tweet by the popular crypto exchange KuCoin, the token is the second most searched crypto on their exchange in the past week, beating out other popular currencies like AGIX, DOGE, BNB, TRX, and MATIC. This is a testament to the growing popularity of the token among crypto investors and traders.

Moreover, the token is also trending on Twitter once again. The hashtag Floki is currently trending alongside other popular crypto-related hashtags like Bitcoin, Satoshi, Binance, and Mastercard. This is a clear indication that the token is on the radar of many crypto enthusiasts and investors.

Related Reading | XRP Lawyer Predicts Summary Judgement Is Near

Floki Inu’s Roadmap For 2023 Teases A “Mystery Project”

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The team behind Shiba Inu’s rival Floki Inu has published its brand new roadmap for the current year.

According to the blog, the roadmap outlines its goals for 2023 and provides a sneak peek at its strategies for guiding the Floki community through the various phases.

Divided into four phases, the first of which comprises the completed ones, such as the launch of Floki’s merchandise store, partnerships with decentralized oracle solution Pyth Network and cryptocurrency payments platform Binance Pay.

The next stages reveal the upcoming release of a native staking program, revamping the FlokiFi protocol, and the launch of the Floki Debit Card.

The native Floki staking program’s “Phase 1” is currently being developed, according to the blog, and will shortly be introduced with a crucial DAO vote.

Phase 3 will see the release of FlokiFi’s second major product, currently codenamed “Project TL” on 4 chains.

In the final phase, Valhalla, a flagship utility product and metaverse game will be rolled out. The team also spilled beans on a “mystery project” that it claims “will play a key role within the Floki ecosystem.”

“We won’t reveal too much about this project for now,” the blog added.

Furthermore, the team said that the above-mentioned phases do not necessarily stand for “quarters” or “months” and are not bound by specific timelines.

The roadmap places a strong emphasis on transparency and the project’s resolve to take on its much bigger rival Shiba Inu.

That said, the token had a stellar debut in 2023.

Floki Inu Price Rallied By 100%

The price of Floki increased by roughly 100% in January after the coin’s developer, the Floki Inu DAO, approved a governance resolution to burn $100 million worth of tokens.

Burning tokens serve the objective of reducing supply, which raises the value of each token while maintaining the same amount of demand.

Last week, the dog-themed token soared by a whopping 40% after Twitter CEO Elon Musk posted a meme with his dog Floki posing as the new Twitter CEO.

Additionally, FLOKI also gained entries into several leading crypto exchanges. Its first listing was on a Turkish exchange, Bitexen.

Recently, Singapore-based top derivatives crypto platform Phemex also added three new USDT-margined linear contract trading pairs to its platform including FLOKI.

The burning of 5.1 trillion tokens in two transactions by Floki Inu on February 9th also garnered media attention.

Floki Inu has also been included in the Metaverse, Gaming, and PlayToEarn categories on CoinMarketCap, one of the top cryptocurrency tracking websites in the world.