09 May

The official Floki (FLOKI) cryptocurrency account on Twitter recently issued a cautionary tweet advising holders and supporters to exercise caution and refrain from relying on unverified sources of information about FLOKI. The tweet emphasizes that all updates, discussions, and insights related to Floki are exclusively provided through the official channels established by the team behind Floki.

Furthermore, the tweet includes a list of Floki's official social media platforms, which encompass platforms such as X, Instagram, YouTube, Twitch, TikTok, Discord, Telegram, and others. As per CoinMarketCap data, Floki currently holds the 56th position with a market capitalization of $1,618,949,706, and its trading price stands at $0.0001694 at the time of the tweet.

VanEck's new meme coin index now includes Floki

Floki, which emerged in 2021, draws inspiration from Elon Musk's Shiba Inu puppy named Floki and the character of the same name in the TV series Vikings. The team behind Floki, operating under pseudonymity, is currently focused on developing their flagship product, a metaverse game called Valhalla. Additionally, they manage Floki Places, a marketplace for NFTs and Floki merchandise, and FlokiFi, a platform for DeFi products.

This week, FLOKI, along with DOGE, SHIB, PEPE, and several other smaller meme coins, was included in MarketVector's Meme Coin Index, trading under the symbol MEMECOINS, which was launched by VanEck on Wednesday. Among the six popular meme coins tracked by this new index, Floki holds the fifth position. 

Memes are in high demand

In April of this year, CoinMarketCap saw the addition of 138 new meme coins, a significant increase compared to the 18 added in the same month last year. Currently, the platform lists a total of 2,229 meme coins, collectively boasting a market capitalization exceeding $50 billion. This market capitalization is nearly equivalent to that of JP Morgan and Tesla.

Among the meme coins listed, the leading ones include Dogecoin and Shiba Inu, which hold the largest market caps.

May 2024, Cryptoniteuae

* The email will not be published on the website.