As a seasoned crypto investor with a knack for spotting trends and a soft spot for meme coins, I find myself intrigued by Coinbase’s decision to list FLOKI. Given my past experiences with Dogecoin and Shiba Inu, I have learned that the meme coin market can be quite unpredictable yet incredibly rewarding.
Coinbase has announced that it will add support for dog-themed meme coin project FLOKI.
At this moment, FLOKI (FLOKI) stands as the world’s sixth-largest meme coin by market capitalization, with a value of approximately $2.3 billion. This digital currency is currently available for trade on prominent centralized exchanges like Binance and Bybit. Notably, on November 20th, the major U.S. cryptocurrency exchange platform, Coinbase, announced its intention to add FLOKI to its list of tradable assets.
Last week, FLOKI was added to Coinbase’s future listings schedule, causing a 14% increase in the meme coin’s price due to market excitement about the news. It has now been announced that trading for this token will become available at or after 9 am Pacific Time on November 21, 2024.
As per Coinbase’s announcement, Floki will operate within the Ethereum (ETH) network, specifically as an ERC-20 token. Trading for FLOKI/USD on our platform will commence once there is enough market liquidity. To avoid losing your Floki funds, please refrain from sending them through other networks.
Significantly, Coinbase is planning to enable transactions involving FLOKI/USD. This feature will roll out progressively across both Coinbase and its exchange platform. Yet, it’s important to note that not all regions may have access due to restrictions in certain jurisdictions where the platform operates.
Among the leading meme cryptocurrencies with a dog theme, FLOKI stands out. Over time, its developers have focused on solidifying it as a robust crypto initiative by incorporating elements of decentralized finance, gaming, and tokenization.
These also encompass its DeFi vault system called FlokiFi, the tokenization system known as TokenFi, and the earnings-based game titled Valhalla.
Based on the information from blockchain data, the total value locked within FlokiFi Locker has skyrocketed beyond $189 million, hitting a record-breaking all-time high. This protocol enables users who secure their assets on Ethereum or Binance Smart Chain to pay fees using FLOKI tokens, with an integrated system for token destruction (burning) as well.
Meanwhile, FLOKI’s Valhalla is expected to launch on the mainnet on November 28, 2024.
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2024-11-20 21:56