FLOKI topped at this time’s market with a 70% surge, changing into the fifth-largest meme coin.
The meme coin sector appears to be making probably the most positive factors within the present bull market. Right this moment, the general market cap for meme cash reached $62 billion, growing 9% in 24 hours. FLOKI has emerged as the highest gainer at this time, rallying over 70% and approaching its all-time excessive.
Friday’s surge additionally noticed FLOKI overtake BONK and Fantom by way of market cap. Though this surge is principally attributed to the general bull market, a number of extra developments within the FLOKI ecosystem have pushed person sentiment towards the viking-themed meme token.
The FLOKI crew introduced at this time that its flagship P2E metaverse sport, Valhalla, has been launched on the testnet and can deploy on the mainnet later this yr. FLOKI will even burn $45 million in tokens on Saturday, considerably lowering the meme coin’s circulating provide.
The token’s staking program reached an all-time excessive TVL on the Ethereum and Binance Good Chain networks, surpassing $420 million. Earlier this week, the token was additionally listed on the favored crypto alternate Uphold.
These newest milestones have pushed constructive market sentiment for FLOKI, because the token’s present Fear & Greed Index reveals excessive greed.