FLOKI dominates daily gains before $45m token burn, taking the lead.
FLOKI took the lead in today’s market by experiencing a remarkable surge of 70%, solidifying its position as the fifth-largest meme coin.
In the current bull market, meme coins seem to be reaping the most rewards. Within just 24 hours, the market cap for meme coins skyrocketed to $62 billion, marking a significant 9% increase.
Today, FLOKI emerged as the top performer, surpassing its previous all-time high with a surge of over 70%. This impressive rally allowed FLOKI to surpass both BONK and Fantom in terms of market cap. While this surge can be attributed to the overall bullish market, it is worth noting that several developments within the FLOKI ecosystem have also contributed to the positive sentiment surrounding this viking-themed meme token.
In an exciting announcement, the FLOKI team revealed that their flagship play-to-earn (P2E) metaverse game, Valhalla, has been launched on the testnet and is scheduled to be deployed on the mainnet later this year. In addition, FLOKI plans to burn $45 million worth of tokens on Saturday, which will significantly reduce the circulating supply of this meme coin.
Furthermore, FLOKI’s staking program has reached an all-time high total value locked (TVL) on both the Ethereum and Binance Smart Chain networks, surpassing an impressive $420 million. To add to its achievements, FLOKI was recently listed on the popular cryptocurrency exchange Uphold.
These recent milestones have undoubtedly boosted market sentiment for FLOKI, as evidenced by the token’s current Fear & Greed Index, which indicates extreme greed among investors.
For more news and updates, be sure to follow us on Google News.
