FLOKI has surged 70% and is now the 5th largest meme coin, topping the market.
The memecoin sector appears to be benefiting the most from the current bull market. The overall market capitalization of Meme Coins now stands at $62 billion, up 9% in 24 hours. FLOKI recorded its biggest gain today, up more than 70% and approaching all-time highs.
Friday’s surge saw FLOKI overtake BONK and Fantom in terms of market capitalization. While this surge is primarily due to the overall bull market, several additional developments in the FLOKI ecosystem have increased user sentiment towards the Viking-themed meme token.
The FLOKI team announced today that its flagship P2E metaverse game, Valhalla, has launched on testnet and will be deployed to mainnet later this year. FLOKI will also burn $45 million of tokens on Saturday, significantly reducing the circulating supply of the meme coin.
token of Staking Program The Ethereum and Binance Smart Chain networks achieved their highest ever TVL, surpassing $420 million. Earlier this week, the token was also listed on the popular cryptocurrency exchange Uphold.
These latest milestones have fueled positive market sentiment for FLOKI, as the token’s current Fear and Greed Index shows extreme greed.