Bonk has retaken its position as Solana's leading meme coin, reaching a market capitalization of $2.5 billion. The recent surge was after a community-driven token burn and price increase.

The cryptocurrency market continues to experience heightened investor interest and activity as more of these digital assets get integrated into the global financial and technology sectors. From being seen as the future, cryptos are now a reality and more savvy investors want a piece of the over $3 trillion pie.

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.

BONK's price rebounded following the burn of 1.69 trillion tokens, with the reduced supply boosting its value.

The memecoin BONK, hyped for its dog-themed nature, has hit a rough patch. Even after the big token burn event on December 26—where 1.69 trillion tokens worth $51 million were burned—the price still dropped by 7.2%.

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.

Bonk was expected to take center stage on Christmas Day with a promised 1.69 trillion BONK token burn, but delays left community members outraged and a potential 50% rally in question. The post Holders Turn on BONK After ‘BURNmas' Flop – Can BONK Price Rally 50% Again? appeared first on Cryptonews.

The Bonk (BONK) token experienced a 7.2% decline in price following the recent token-burning event, which successfully removed 1.69 trillion BONK tokens.

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.

Solana-based meme coin Bonk continued its downward rally despite the project recently burning 1.69 trillion BONK tokens. On Dec. 26, over 1.8% of BONK's entire supply, amounting to 1.

BONK, one of Solana's popular meme tokens, is trading at $0.000031, close to its one-month low. This marks a significant drop from its November 22 peak of $0.000053. Open interest in BONK has also fallen to $8.32 million, the lowest in three months, as traders shift their focus to other assets.

The Bonk team initially promised to execute the burn on Christmas Day, but didn't get around to it until a day later on Dec. 26.

The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token's rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days.

The development team behind dog-themed meme asset Floki (FLOKI) is announcing a plan to launch a new exchange-traded product (ETP).

Bonk DAO voted in favor of another decrease in the token's supply. The community gathered 1.69T tokens, which were burnt from the DAO's multi-sig wallet.

The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens. This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.

Despite the token burn, BONK struggles with resistance and bearish market sentiment, limiting potential gains.

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.

In late November, the developing team behind the popular Solana-based meme coin coin BONK proposed to burn 1 trillion tokens that the community would contribute during an event named BURNmas. On Wednesday, they announced that they have surpassed that target and will now be burning a total of 1.

Pudgy Penguins (PENGU) price has surged 12% in the last 24 hours, surpassing BONK to become the largest meme coin in the Solana ecosystem with a market cap of approximately $2.5 billion.

The Solana-based meme coin BONK is preparing for a burn of 1.69 trillion tokens, valued at approximately $55 million. This is following its successful BURNmas campaign.

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.

BonkDAO's “BURNmas” event plans to burn 1.69 trillion BONK tokens worth $54 million, reducing the total supply by 1.8%.

The broader Solana meme coin market surged to $18.2 billion, representing a 10.3% increase over the last day, driven by PENGU's performance.

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.

A $54.52 million worth of token burn is the goal of this Solana meme community-driven project to increase BONK's demand in the crypto market.

WhiteBIT, a leading European cryptocurrency exchange has significantly expanded its collateral offerings by adding 60 new cryptocurrencies. This raised the total number of collateral assets supported to over 80 and added more versatility to the trading platform.

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.

Will Fartcoin maintain its dominant AI mindshare amid increase in whale interest?

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.

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

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.

Apart from day traders, the rest should be wary of BONK's bullish chances until the $0.00004 resistance is flipped to support.

Bonk has risen by 0.5% in the past 24 hours, as its DAO gears up to burn over 1 trillion BONK. The post BONK Targets 1 Trillion Burn by Christmas – Could Prices Explode 328,000%? appeared first on Cryptonews.

The better-performing altcoins have lost between 20-30% during this downturn so far. However, in the memecoin niche things are a lot worse, with losses amounting to 40-60%.

Fear and uncertainty fill the Solana (SOL) meme coin scene! Tokens like Dogwifhat (WIF) and Bonk (BONK) are bleeding value, leaving many investors frustrated and anxious. Once the darling of internet culture, these coins have seen their prices plummet, sparking questions about their future.