FLOKI topped as we speak’s market with a 70% surge, turning into the fifth-largest meme coin.
The meme coin sector appears to be making essentially the most features within the present bull market. Immediately, the general market cap for meme cash reached $62 billion, rising 9% in 24 hours. FLOKI has emerged as the highest gainer as we speak, rallying over 70% and approaching its all-time excessive.
Friday’s surge additionally noticed FLOKI overtake BONK and Fantom when it comes to market cap. Though this surge is principally attributed to the general bull market, a number of extra developments within the FLOKI ecosystem have pushed consumer sentiment towards the viking-themed meme token.
The FLOKI staff introduced as we speak that its flagship P2E metaverse recreation, Valhalla, has been launched on the testnet and can deploy on the mainnet later this 12 months. FLOKI may also burn $45 million in tokens on Saturday, considerably lowering the meme coin’s circulating provide.
The token’s staking program reached an all-time excessive TVL on the Ethereum and Binance Good Chain networks, surpassing $420 million. Earlier this week, the token was additionally listed on the favored crypto alternate Uphold.
These newest milestones have pushed constructive market sentiment for FLOKI, because the token’s present Worry & Greed Index exhibits excessive greed.