The Floki protocol has been caught in allegations of market manipulation. The Floki team was accused of controlling the initial liquidity of TokenFi ($TOKEN), a token associated with the protocol. The $FLOKI drama has forced many investors to turn to other more profitable options. The search for the best meme coins to buy has seen many investors move to Galaxy Fox ($GFOX).
Mutual Market Manipulation Accusations Lead Investors Away From Floki
In October, Bitget accused Floki of market manipulation. According to Bitget, the Floki team exerted control over the initial liquidity and delisted TokenFi ($TOKEN) – a token on the network. This began a $10 million dispute between both parties.
Bitget alleged that Floki sold tokens that it didn’t hold and had “malicious control of liquidity” over $TOKEN. Floki’s team accused Bitget of market manipulation as the exchange listed the token before its official launch, labeling it a “fake token.”
The team also accused the exchange of facilitating tens of millions of dollars of trading volume without having a single token in their wallet. As $TOKEN recorded gains, Bitget created a $10 million hole as it didn’t hold any underlying asset.
The Floki team then asked holders to withdraw their tokens from the Bitget exchange. However, the damage had already been done, with many users leaving the meme coin. The accusation has dented Floki’s reputation as one of the best meme coins to buy.
Clarity of Galaxy Fox’s ($GFOX) Tokenomics Supports Growth
The dispute between Floki and Bitget has seen several investors turn to a new meme coin, Galaxy Fox ($GFOX). The sound tokenomics and unique offering of Galaxy Fox have made it the preferred destination of both old and new investors.
The clarity of its tokenomics (Astronomics) stands out among other projects. Only 5% of the 4 billion minted will be reserved for the team. To promote public participation, 70% of the $GFOX tokens will be issued to the community via crypto presale.
Galaxy Fox will also operate on a decentralized framework where the community members will make decisions via voting and staking. The project has recorded an influx of gamers and investors over the last few weeks. As a result, Galaxy Fox has raised more than $360,000 for the development of its ecosystem.
The price of $GFOX has also surged since the beginning of the drama. Launched at an initial price of $0.00066, Galaxy Fox has recorded gains of more than 34%, pushing its price as high as $0.0008778. Market analysts have predicted that the gains will continue, with $GFOX, forecasted to reach $0.050 before the year ends.
Final Thoughts
The stability and certainty offered by Galaxy Fox ($GFOX) have made it a preferred meme coin over $FLOKI. In addition, the utility that the project has launched has been forecasted to make it one of the biggest meme coins.
Given the bullish projections, $GFOX is definitely one of the best meme coins to buy now ahead of the crypto bull market. Thus, at its current price, investors have been presented with the perfect opportunity to join one of the next big things in crypto.
Learn more about Galaxy Fox ($GFOX) here:
Visit Galaxy Fox Presale | Join The Telegram Group | Follow Galaxy Fox on Twitter
