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Meme Coin Named After Elon Musk's Shiba Inu Surges 7% Amid Tumbling DOG-Meme Coins: What's Happening?

Published 13/10/2023, 07:11
© Reuters.  Meme Coin Named After Elon Musk's Shiba Inu Surges 7% Amid Tumbling DOG-Meme Coins: What's Happening?

Benzinga - Floki token (CRYPTO: FLOKI) has achieved a 7% increase in value over the past 24 hours, surpassing popular dog-related meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

What Happened: The buzz surrounding Floki can be attributed to a tweet from the official Floki social handle, which featured an image of a Viking alongside the date October 17, 2023. Speculation within the community suggests that this date may mark the launch of the highly anticipated FlokiFi locker update.

At the time of writing, FLOKI was trading at $0.000018, while DOGE and SHIB were down by 0.47% and 0.11% respectively.

Hence, as “Floktober” commences, the excitement around FLOKI continues to grow among crypto enthusiasts. Results from a recent poll conducted by the Floki community reflect a bullish sentiment towards the meme token.

A significant majority, 52.2% of participants, believe that FLOKI’s strength lies in its robust fundamentals and utility. Moreover, 23.5% of respondents express confidence in FLOKI due to its strong brand presence and partnerships.

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See More: A Stay At The Floating Palace From James Bond's ‘Octopussy

Why It Matters: B Da Viking, a prominent figure in the Floki community said, “I guess we have to start somewhere…”

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