YEREVAN (CoinChapter.com) – Floki Inu, a pup from the Dogecoin-spawned litter, restarted its costly advertising campaign, buying up ad space on MSNBC, Fox Business, and ESPN, as well as Discovery and CNN. Collectively, the said channels have a yearly viewing audience north of a hundred million in the US.
Moreover, Floki Inu expanded its audience to Turkey as well. As the country’s crypto usage has increased elevenfold over the previous year, Floki saw an opportunity. As a result, the ads have been up and running on US and Turkish channels since Feb. 22.
Here's the enhanced version of the #FLOKI ad that will be running on major US TV channels. It is a full 40-second ad with a true focus on the #Floki Ecosystem!
The ad also makes it easy to buy Floki by highlighting key CEX partners like Huobi! pic.twitter.com/sCSp5f4yTu
The team did not disclose the amount spent on the ad campaigns. However, the token’s extensive advertising in public transportation all over Europe and Dubai’s Burj Khalifa show-off signify that Floki Inu is ready to cough up millions of dollars to get attention.
Additionally, Floki Inu announced a “strategic partnership” with Huobi wallet, a Seychelles-based cryptocurrency exchange with over $3.6 billion daily trading volume. Huobi is the first “tier one exchange” to list Floki.
Huobi Wallet will promote Floki on their platform and will further promote Floki’s flagship, Play to Earn (P2E) Metaverse project “Valhalla” when the hotly anticipated game launches to the public.
Meanwhile, the meme coin’s native token did not get the memo and slid along a significant support line.
Floki Inu (FLOKI) daily chart
FLOKI brought in three-digit gains in Q4 2021, lost bullish momentum after topping out at $0.00040 on Nov. 4, and hasn’t recovered since. After a month-long sideways consolidation, the digital asset traded at $0.000028 in Friday’s Asian-Pacific session.
Despite the advertising efforts, the token’s relative strength index (RSI) stood below 40, which could mean low return expectations from traders. Moreover, the trading volumes declined in the previous days, contradicting Floki bulls’ strong rally expectations.
Floki Inu’s transportation ad campaign resulted in an explosive 500% rally in late October. However, the digital asset erased the gains in the previous months, and the TV adverts have not brought in revenue yet. As of Mar. 18, FLOKI consolidated sideways at 0.000028. The upcoming sessions will show if the token can get back on its feet.
Lilit is a Yerevan-based Markets writer, skilled in 3 languages, and interested in writing about the tech world, trading, art, and science. She also has a background in psychology and marketing, which helps deliver the right message to the target audience.
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