Meme token Floki Inu (FLOKI-USD) is enjoying the fruits of a new big-name listing today. Indeed, the FLOKI crypto is up nearly 20% heading into afternoon trading after launching on Huobi Global. Floki fans are surely all smiles today as the No. 2,858 crypto by market capitalization enjoys a jump.
So what do you need to know about FLOKI’s latest foray into the green?
Well, the meme crypto is seeing immediate gains from this morning’s listing on Huobi. The No. 6 crypto exchange by volume, a Huobi listing alone is usually enough to get the bulls out of bed. This appears to be the case today as FLOKI’s trading volume increases 105%.
Floki Inu has been on a general downtrend since it saw its historic peak last November. This comes despite having a relatively strong social media presence and a number of new developments. Today’s gains comes as a refreshing change of pace.
FLOKI Crypto Remains Focused on Fundamentals
Today’s move higher comes on the tail of a number of recent FLOKI developments. The @RealFlokiInu Twitter account recently posted a new issue of the weekly Floki newsletter.
Issue 15 of our weekly #Floki newsletter is out!#DAO #cryptocurrency #Metaverse #Play2Earn #Valhalla pic.twitter.com/ZgayWXxMM2
— Floki Inu (@RealFlokiInu) March 2, 2022
The meme token highlighted a number of recent deals, including a partnership with Alfa Romeo’s F1 racing team. Cryptos and sports have seemingly been a match made in heaven lately, and as they say, all dogs go to heaven.
It’s unclear if FLOKI will be able to transform its current momentum into long-term gains, but enthusiasts will surely keep an eye on its price heading further into the year.
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