FLOKI Skyrocketed 40% After Listing on Binance.US
TL;DR The price of the meme-inspired cryptocurrency – FLOKI – has soared by more than 40% in the past 24 hours after it was listed on Binance.US. The surge was likely triggered by Elon Musk’s tweets featuring his Shiba Inu breed, which is called Floki.
The price of the popular meme-inspired cryptocurrency – FLOKI – has soared by more than 40% in the past 24 hours.
The surge happened shortly after the American subsidiary of Binance – Binance.US – listed the asset on its platform.
Binance.US – Binance’s arm designed to serve United States residents – added FLOKI among the supported coins on its platform, saying users can trade it against USD and USDT.
wen floki? Deposits are NOW open for $FLOKI on #BinanceUS! The @RealFlokiInu ecosystem consists of a Play-to-Earn game, FlokiFi (DeFi), Floki prepaid card (Visa/Mastercard), as well as NFT collections and marketplaces, with more to come. Learn more: https://t.co/eyf4Bdd88j — Binance.US 🇺🇸 (@BinanceUS) April 24, 2023
The token’s price reacted positively to the news, rising to approximately $0.00003987: 40% more than the valuation 24 hours ago.
FLOKI has been one of the best performers on the crypto market in the past several months. A possible reason behind that could be Elon Musk’s interaction with it, even if they don’t seem directly correlated at times.
One of the wealthiest people on the planet displayed a sarcastic picture of his dog in February, wearing glasses and signing a contract to become the new CEO of Twitter.
Keeping in mind that his Shiba Inu breed is named Floki, it is no wonder why the price of the dog-themed digital asset – FLOKI – climbed by over 40%.
This was not the first time Musk had triggered a price increase for the memecoin. He dressed his dog in a Santa Claus outfit on Christmas 2021.
FLOKI skyrocketed by 19,000% in the next 48 hours before tumbling shortly after.