All articles tagged with #floki inu
Floki Inu (FLOKI) and the Trump-related meme coin MAGA have seen significant interest from whale investors, leading to notable price increases. A whale's investment in FLOKI resulted in a $245,000 profit, while their MAGA investment yielded $3.4 million. Despite the price surges, both tokens experienced a decline in network growth, indicating fewer new addresses interacting with them, which could negatively impact future prices.
Americans are leading the memecoin craze, with India and the United Kingdom following closely behind, according to a study by CoinGecko. Shiba Inu is the most popular memecoin in the US, while Indians are most interested in Shiba Inu and Baby Doge Coin. The UK ranks third in global interest in memecoins, but CoinGecko did not specify which assets are most desirable for Britons. Despite losing its leading position in numerous countries, Dogecoin remains a fundamental member of the pack and has risen 11% YTD.
Binance has listed Pepecoin (PEPE) and Floki Inu (FLOKI) in its innovation zone, with both meme coins trading at less than a penny. PEPE's market capitalization has surpassed $1 billion, despite having no token utility or value support mechanism. The exchange has warned traders of the potential for total loss of funds and high gas fees on Ethereum. PEPE is based on the artist Matt Furie's Pepe the Frog and has risen by 1,000% in the past week.