FLOKI price action mirrors that of PEPE in early 2024 suggesting the same could follow in Q1 2025.
Earlier this week, FLOKI's open interest stood at $16M.
For meme coin projects, 2024 was a year of tremendous volatility, characterized by sharp declines, quick expansion, and well-publicized scandals.
Through a unanimous vote, the Floki DAO has decided to allocate 16.3 billion tokens as liquidity for the launch of the ETP on Floki.
The Floki DAO has unanimously approved a proposal to allocate part of the 16.3 billion Floki tokens from its community buyback wallet as liquidity for a Floki exchange-traded product.
Floki (FLOKI) DAO members unanimously voted to use a portion of the funds from a community buyback wallet, totaling 16.3 billion tokens, as liquidity for the upcoming Floki exchange-traded product (ETP) in the EU.
The Floki DAO has unanimously approved the allocation of liquidity for creating a Floki Exchange-Traded Product (ETP), marking a significant step toward mainstream financial integration, with plans to launch on the SIX Swiss Exchange in early 2025. The post Floki DAO Unanimously Approves Liquidity Allocation for Floki ETP Creation appeared first on Cryptonews.
The Floki DAO has approved a proposal that seeks to allocate a portion of Floki supply as liquidity funding for a Floki exchange-traded product.
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
Despite the passage of the vote, the price of Floki is down approximately 3.6% in the last 24 hours, according to CoinMarketCap.
The renowned dog-themed meme crypto Floki has set the crypto town abuzz, primarily with its looming ETP launch. Following the footsteps of Dogecoin, this looming exchange-traded-product launch has echoed substantial optimism over other meme coins' future actions.
The Floki community recently voted in favor of a proposal that will help create the liquidity needed for the ETP launch, which is now set to go live by Q1 2025. When it goes live, it will become the second memecoin ETP on a regulated stock exchange, following in the footsteps of the Dogecoin ETP.
With so many holders watching closely, FLOKI's recovery could depend on the timing and strength of a potential rally.
FLOKI is poised to become the second memecoin to launch a regulated Exchange-Traded Product after Dogecoin, following a decisive Floki DAO vote that approved allocating tokens for ETP liquidity. The proposal won “overwhelming” support, with 332.7 billion token (99.9%) voting in favor, 328.9 million token abstaining, and none opposing—a result the team described as the first time a DAO proposal passed without any vote against it.
Following the Dogecoin benchmark, the Floki exchange-traded product (ETP) is scheduled to be released in early 2025. This occurred subsequent to the crypto project's decentralized autonomous organization (DAO)'s resounding approval of the allocation of liquidity for the establishment of a Floki ETP, with 99.9% of the vote cast in favor.
The Floki community has voted unanimously to allocate tokens for creating an exchange-traded product, expected to launch in early 2025. The proposal has sparked heightened interest in the token, reflected by a 58% surge in trading volume and a 5% price increase.
If the vote passes, Floki would join Dogecoin as the second memecoin to secure a registered ETP. This would give institutional investors a new way to gain exposure to the memecoin.
Renowned dog-themed meme crypto FLOKI robbed the spotlight from other tokens on Friday, marking a crucial step towards its Exchange Traded Product (ETP) creation. Particularly, the crypto team voted overwhelmingly in favor of a crucial proposal to allow liquidity creation that supports the ETP launch.
The development team behind dog-themed meme asset Floki (FLOKI) is announcing a plan to launch a new exchange-traded product (ETP).
Floki's (CRYPTO: FLOKI) proposal to launch a Floki Exchange-Traded Product (ETP) has prompted traders to predict bullish price action. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Floki (CRYPTO: FLOKI) $0.0001748 $1.7 billion -1.5% +0.6% Dogecoin (CRYPTO: DOGE) $0.3131 $46 billion -5.6% -2.1% Shiba Inu (CRYPTO: SHIB) $0.00002148 $12.7 billion -6.2% -3.9% Trader Notes: Crypto trader Javon Marks highlighted that FLOKI is showing bullish momentum near a critical resistance level of $0.0002761.
Meme coin prices crashed on Thursday, erasing most of the gains made during the Santa Claus rally on Christmas Eve. Fartcoin (FARTCOIN), one of the top meme coins in the Solana ecosystem, dropped by 16.
TL;DR Floki DAO has proposed allocating a portion of its treasury to an asset manager to launch an ETP in Europe, providing institutional investors with regulated access to the memecoin. The proposal requests using 16 billion FLOKI tokens, valued at approximately $2.
Floki is gearing up to introduce an exchange-traded product (ETP) tied to its FLOKI token on Switzerland's SIX Swiss Exchange in the first quarter of 2025. The post Floki Plans to Launch FLOKI Token ETP on Switzerland's SIX Exchange in Early 2025 appeared first on Cryptonews.
If the vote is approved and the ETP goes ahead, Floki DAO will join Dogecoin as the second memecoin to have a registered ETP.
Floki's ETP launch could further legitimize memecoins in traditional finance, bridging the gap between digital assets and institutional investors. The post Floki looking to launch Floki ETP in early 2025 appeared first on Crypto Briefing.
As 2024 comes to a close, the crypto world remains as dynamic as ever. From Bitcoin's role in international trade to Turkey's new regulations, here are the top updates you need to know.
Meme coin Floki is collaborating with an undisclosed asset manager to develop an exchange-traded product (ETP) in the EU.
A Floki exchange-traded product is set to go live in Europe in early 2025, a project developer told CoinDesk.
Crypto analyst Master Kenobi has provided a bullish outlook for the FLOKI price. The analyst predicts that the top meme coin is on the verge of a massive breakout and could witness an 11x price increase when that happens.
Floki has announced that its crypto education platform University of Floki is now live. The Floki (FLOKI) crypto project revealed the launch of its University of Floki as part of a major roadmap in March.
FLOKI's Open Interest (OI) has soared by 14% in the past 24 hours, will it help the memecoin rally?
Digital assets signaled a late Santa rally as Bitcoin saw a sudden jump from $94K to above $97.4K over the past three hours. Floki Inu capitalized on the broad-based uptrends to recover from last week's double-digit plunge. The meme coin soared 10% from the $0.0001659 opening price to 24-hour highs of $0.000183.
The $0.000166 to $0.000172 price zone could attract demand from new buyers who believe it to be an ideal entry point.
In a recent recovery on Saturday, Solana-based BONK led the rally among dog-themed meme coins, as Bitcoin bounced back above $98,000 after a steep drop to around $93,000 on Friday. Memecoins Surge As per data from Coingecko, BONK surged 30%, while Dogecoin, Shiba Inu, Dogwifhat and Floki Inu surged as much as 20%.
Memecoins are known for their high volatility and tend to outperform major tokens during price rallies, serving as a leveraged bet
The crypto market is facing significant this week and the price of meme coins like Floki and Bonk are falling sharply today following a dire outlook from the Federal Reserve regarding inflation and the pace at which they plan to cut rates next year.
Some of crypto's best meme coins have been rocked by a sharp downturn, with tokens like Pepe, Bonk, and Floki suffering catastrophic losses. Hailed as the tokenized epitome of internet culture and speculative euphoria, holders of these tokens now wonder if there is much future in them.
The crypto world is in turmoil again. Over the past 24 hours, the total market value dropped by 3.4%. It's not just numbers on a screen—it's a sentiment shift that's making traders uneasy.
Floki announces support for the launch of BAD, the most anticipated AI Agent Launchpad protocol on the BNB Chain.
Floki approaches a pivotal breakout moment, eyeing $0.00028980 resistance to confirm bullish momentum.
Wise Monkey (MONKY) is a new meme token with a high profile launch, backed by Ape Accelerator and Forj, an Animoca Brands subsidiary. MONKY had a wide distribution to user wallets, and has already started trading on centralized markets an
Floki price rose for the second consecutive day as cryptocurrencies rebounded and traders anticipated the upcoming Wise Monkey airdrop. Floki (FLOKI), one of the leading meme coins in crypto, traded at $0.000248, up about 22% from this week's lowest level.
Get ready for the Wise Monkey (MONKY) airdrop! If you hold FLOKI, TOKEN, or APE tokens, you could receive free MONKY tokens.
The cryptocurrency market saw another decline on Dec. 10, 2024, with Bitcoin dropping below $95,000 for the second time in recent days, causing widespread liquidations.
Floki introduces its debit card across European countries, advancing its roadmap to bridge Web3 with traditional finance through crypto-enabled payments.
Many larger-cap alts have marked substantial losses, but meme coins lead the pack.