Floki (FLOKI), a memecoin named after Twitter CEO Elon Musk’s pet dog, has surged overnight after Binance US has listed the token.
Read CRYPTONEWSLAND onFrom $0.000028, FLOKI pumped to $0.000046 at one point today, April 25, before simmering down to $0.00003780 at the time of writing, which means a 30% surge in the last 24 hours.
What is more, the 24-hour trading volume of FLOKI has dramatically increased from $9 million to a staggering $242 million. In fact, FLOKI is occupying the second-highest trading volume on crypto exchange Gate.io just after ether (ETH) and is even higher than bitcoin (BTC).
The dog-based memecoin is also part of the top three (3) cryptocurrencies being traded on KuCoin just after BTC and ETH.
Given the surge in trading volume, others are now open to the idea of FLOKI becoming the next Shiba Inu (SHIB). However, Binance, which caters to significantly more users than its US branch, has yet to list FLOKI. It should be noted that SHIB skyrocketed in price after it got listed on Binance.
Major cryptocurrencies are retracing, as many are expecting, after an impressive rally that lasted for a couple of months since the start of the year. After reaching $30,000, BTC is trading sideways at $27,387.96, according to CoinGecko. ETH is also under the same narrative after hitting $2,000 recently. At the moment, ETH is changing hands at $1,825.46.
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