- Partnership with Uphold boosts FLOKI’s accessibility on a global scale.
- FLOKI hits $526M TVL, outshining other top memecoins.
- FLOKI DAO approves a 190.9 billion token burn for value enhancement.
In a major leap forward, the popular crypto meme token FLOKI has joined forces with Uphold, a global digital trading platform boasting over 30 million users. This collaboration marks a significant milestone for FLOKI, often dubbed ‘The People’s Cryptocurrency’, as it expands accessibility through one of the world’s largest retail trading outlets, especially in the US market.
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Uphold facilitates secure movement, conversion, and transactions across various asset classes, including cryptos like Bitcoin and traditional assets like fiat currencies and gold. The addition of FLOKI to Uphold’s trading roster is expected to accelerate the coin’s quest to become the most recognized and utilized cryptocurrency globally.
FLOKI has been on a remarkable price surge in recent weeks, currently standing at $0.0001358, showcasing a noteworthy ascent of 171.2% in the last 7 days, 305.1% in the last 14 days, and an impressive 400% in the last 30 days, according to CoinGecko.
Furthermore, FLOKI’s ecosystem is breaking its own records, achieving an all-time high Total Value Locked (TVL) of $526 million. This milestone encompasses two key ecosystem products: Floki Staking with $389.6 million and FlokiFi Locker with $136.9 million. Surpassing the combined TVL of other top memecoins like PEPE, WIF, BONK, DOGE, and SHIB, FLOKI’s appeal lies in its meme-driven charm coupled with robust fundamentals.
In response to its phenomenal price surge, the FLOKI DAO has greenlit a strategic move to enhance the asset’s value—a token burn of 190.9 billion FLOKI tokens scheduled for Saturday at 4 PM UTC. This deliberate burning, representing 2% of FLOKI’s circulating supply and valued at $31.5 million, aims to fortify the long-term security and stability of the Floki project.
As the crypto community eagerly anticipates the FLOKI token burn, the memecoin’s enthusiasts and investors are keenly observing how this strategic move will impact FLOKI’s price trajectory.
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