FLOKI topped right now’s market with a 70% surge, changing into the fifth-largest meme coin.
The meme coin sector appears to be making essentially the most good points within the present bull market. As we speak, the general market cap for meme cash reached $62 billion, growing 9% in 24 hours. FLOKI has emerged as the highest gainer right now, 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, several extra developments within the FLOKI ecosystem have pushed consumer sentiment toward the Viking-themed meme token.
The FLOKI staff introduced right now 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 even burn $45 million in tokens on Saturday, considerably decreasing the meme coin’s circulating provide.
The token’s staking program reached an all-time excessive TVL on the Ethereum and Binance Sensible Chain networks, surpassing $420 million. Earlier this week, the token was additionally listed on the favored crypto trade Uphold.
These newest milestones have pushed optimistic market sentiment for FLOKI because the token’s present Worry & Greed Index reveals excessive greed.