The reasons why Floki has increased by over 400 % monthly
The reasons why Floki has increased by over 400 % monthly
The popular Memecoin Floki Inu (Floki) has recently been one of the best performers on the cryptocurrency market and has increased by almost 410 %.
Here are some of the possible reasons for the massive price increase.
Burning proposal and more attention from whales
The team behind the project recently burning around 5 trillion floki tokens to reduce the tax raised to 0.3 %. The proposal aims to grant users additional security. Flokis Price Rose 15 % shortly after disclosure.
The developers argued that a potential exploit on their cross-chain main bridge would have "catastrophic effects", since it currently has over 55 % of the total circulating offer of Floki. The proposal was accepted three days later, and the team announced on February 9 that Floki, worth over $ 120 million, had burned through a bridge token burn.
the $ floki Burned tokens were worth over $ 124 million at the time of burning.
That would make #floki ’S bridge token burn Token burns in crypto history!
- floki (@realflokiinu) 9. February 2023
The token Burn seems to have made floki for the 500 largest whales on the BNB Smart Smart Chain (BSC), who made The most bought coin only one day after the event.
As reported by Whalestats, a certain community member bought 80,000,000,000 floki worth over $ 3.2 million at the time of the transaction. The dealer is the 72nd largest BNB whale. Floki was also The top 10 picks for Ethereum whales.
Kucoin list
Another factor that led to the Floki tip could be the listing of the token on the cryptocurrency exchange Kucoin, which was announced by the platform based on the Seychelles on February 15th.
You also praised Kucoin for the fact that it has over 20 million users and has built up a strong presence in numerous countries.
finally!
The Volksbörse has listed the Volksbörse #cryptocurrency ! $ floki is now live on the #Kucoin Exchange.
This is massive and one of
- floki (@realflokiinu) 15. February 2023 One of the richest men in the world recently posted a picture of his dog, who wears glasses and has dressed up as the new CEO of Twitter. The photo of the pet called Floki, requested Another pump for the memo coin of the same name. Elon Musk had previously asked his followers whether he should resign as Chief Executive Officer of the Social Media platform. The majority agreed with "yes" forced to look for another boss. According to Musk, the upcoming leader should be "stupid enough" to take on the role. The token is currently trading at around $ 0.00005044, which corresponds to an increase of 66 % compared to yesterday. It has increased by almost 100 % in the past two weeks and has increased by an impressive 410 % on a month. previously said that Floki's trade volume was over $ 153 million and thus achieved an annual high. The interest is large today: The volume is currently over $ 153 million, and a good part of it is active #dexs . for the perspective,
This shows again interest in our ecosystem and we would like to share some facts ... pic.twitter.com/ldttgt6179d - floki (@realflokiinu) 15. February 2023 . The Elon Muschus effect
Floki's current condition