Shiba Inu’s Rival Floki Inu Price Skyrocketed After It Was Listed On OKX Crypto Exchange

LAGOS (CoinChapter.com) —  Floki Inu (FLOKI) a dog-themed meme multi-chain coin that runs on both the Ethereum and Binance Smart Chain (BSC) blockchains is today’s biggest gainer after it’s price rallying by almost 18% in the last 24 hours.

In detail, the meme coin which is popularly referred to as Shiba Inu’s rival skyrocketed after it was listed on OKX crypto exchange. Following the listing, FLOKI Inu’s price rallied to a 30-day high of $0.00001089, according to data from Coingecko.

Notably, the meme coin stood out on the day while the entire crypto market cap plunged almost 5% to $885 billion. FLOKI’s market cap also gained more than $18 million in the last 24 hours. At the time of publication, the meme coin has a circulating supply of 9.3 trillion FLOKI coins and a total supply of 10 trillion.

Meanwhile, Floki Inu via its announcement disclosed that the new listing will boost the utility of the meme token. It indicated that OKX currently boasts of more than 20 million users in over a hundred countries which will invariably boost its adoption.

It is also worth mentioning that this is not the first time that FLOKI listing has sent the token price surging. In July, the LiteBit exchange added its first-ever pair of Floki Inu trading against EUR. As a result, the meme token soared significantly.

However, it is important to note that with the recent market plunge, it is evident that the bearish market sentiment after the FTX collapse is likely to reverse the little gains that the token had made in the past month.

Crypto Community Reacts

Meanwhile, Floki Inu (FLOKI) is now trading on the Seychelles-based crypto exchange. OKX, which acknowledged FLOKI as the “people’s cryptocurrency,” said it had opened deposits for the meme-based token.

OKX users can start depositing their FLOKI tokens in preparation for spot trading scheduled to go live tomorrow, December 16, at 10:00 AM (UTC). According to the exchange, FLOKI trading will go live under two spot trading pairs, FLOKI/USDT and FLOKI/USDC.

Interestingly, the crypto community has expressed delight with the token’s listing on OKX. “The people’s movement, the people’s hope, the people’s future,” a Twitter user said.

“Thanks for listing $FLOKI @okx. As you know the #Floki Team and community have been working no stop to ensure #Flokis is an outstanding global success story that represents the better side of crypto.”

What is Floki Inu’s (FLOKI)?

Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dog coins. Presently the most successful coin of the tokens launched following Musk’s tweet is Floki Inu.

Currently, Floki is the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

Floki Inu Reiterates Support For Binance, CZ Amid FUD

In a separate development, Floki Inu has reiterated its belief in Binance and its CEO Changpeng Zhao amid recent FUD reports.

The meme token via its Twitter handle stated that it believes in Binance and continues to support the philosophy of Binance CEO.

“It is sad to see the recent Binance FUD which is clearly orchestrated. Binance is a clear frontrunner in pushing for mainstream crypto adoption through superior and easy-to-use products and standards, strategic partnerships, a focus on education, and an embrace of regulation.”

Floki Inu added.