2024

FLOKI

PEPE

TL:DR; 
<ul> 
 <li>Almost all meme coins dumped hard less than 12 hours ago, but FLOKI went on a run and jumped to a 4-month peak.</li> 
 <li>The most obvious reason is related to a recent listing by the largest US-based cryptocurrency exchange – Coinbase.</li> 
</ul> 
<a href="https://cryptopotato.com/wp-content/uploads/2024/06/FLOKI_CB-6.jpg" data-wpel-link="internal"></a> 
CryptoPotato <a href="https://cryptopotato.com/meme-coin-bloodbath-as-pepe-bonk-wif-pnut-popcat-dump-by-double-digits/" data-wpel-link="internal">reported</a> yesterday evening the adverse developments on the meme coin scene as many tokens plummeted by double digits. FLOKI’s price slump was no exception, as the asset slumped from a daily peak of $0.00026 to a low of $0.000226, losing 12% of its value at one point. 
However, it quickly bounced off, recovered all losses and even skyrocketed to almost $0.00029. This became its highest price tag since charting an all-time high in early June. 
Simultaneously, most other meme coins are still in the red. Even though FLOKI has lost some momentum since that local peak, it still trades 10.2% up on the day. 
<figure id="attachment_371505" aria-describedby="caption-attachment-371505" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD.png" data-wpel-link="internal"><img class="size-full wp-image-371505" src="https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD.png" alt="FLOKIUSD. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/FLOKIUSD-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-371505" class="wp-caption-text">
 FLOKIUSD. Source: TradingView
 </figcaption>
</figure> 
The reason for this impressive daily surge is most likely related to Coinbase, as the exchange announced earlier that it will add support for the 6th-largest meme coin. Trading will begin today, November 21, if “liquidity conditions are met.” 
Nevertheless, the company warned that some regions might not have access to FLOKI due to local requirements. 
<blockquote class="twitter-tweet"> 
 Trading will begin on or after 9AM PT on 21 November 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our FLOKI-USD trading pair will launch in phases. Support for FLOKI may be restricted in some supported jurisdictions. 
 — Coinbase Assets ️ (@CoinbaseAssets) <a href="https://twitter.com/CoinbaseAssets/status/1859280768842809555?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">November 20, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Coinbase listings typically lead to notable price increases from the underlying assets. Just last week, PEPE <a href="https://cryptopotato.com/4-possible-reasons-behind-pepes-50-surge-to-new-all-time-high/" data-wpel-link="internal">exploded</a> to a new all-time high and one of the biggest reasons was precisely the added support from the Wall Street-listed exchange. 
The post <a href="https://cryptopotato.com/this-is-why-floki-floki-exploded-by-27-in-minutes-to-4-month-high/" rel="nofollow">This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

This Is Why Floki (FLOKI) Exploded by 27% in Minutes to 4-Month High

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