• Floki Inu (FLOKI) has been on the rise lately, with a dramatic increase in its price amidst bear market trends.
• This surge was prompted by the listing of FLOKI on Binance.US, allowing it to enter the US market.
• Following this news, FLOKI’s price rose 35.9% and its market cap jumped to $380 million.
Floki Inu Price Rises Amidst Bear Market
Floki Inu (FLOKI) has been on the rise lately despite bear market trends across the crypto industry. This dramatic increase in the meme coin’s price comes at a time when Bitcoin has fallen to the $27,000 level.
Floki Inu Gets Binance US Listing
Despite its popularity during 2021’s bull run and even into current bear market conditions, Floki Inu had previously been unable to secure a listing with Binance – the world’s largest cryptocurrency exchange platform. However, this changed when it was officially announced that FLOKI had debuted on Binance.US – the United States arm of Binance. Deposits for FLOKI were opened Monday followed by trading starting Tuesday April 25th which allowed access to a massive US audience.
Positive Catalyst Spurs Dramatic Increase
The listing news sparked confidence within the FLOKI community and acted as a positive catalyst for its price growth; rapidly increasing from $0.000027 up to hitting a local peak of $0.0000499 on Gate.io before correcting back downward slightly . Despite this correction, data from Coinmarketcap still shows double-digit gains in value for FLOKI over 24 hours with it currently up 35.9% and having seen its market cap jump to $380 million as result of this surge in activity .
Bigger Listings Could Bring Even Higher Gains
This is so far one of biggest milestones that Floki Inu has seen however bigger listings would be considered even more significant; such as those from Binance Worldwide or Coinbase . Whether these are achieved remains to be seen but any such success could result in further significant gains for Floki Inu investors .
In conclusion , Floki Inus recent listing on Binance US has been a major success story for meme coin holders resulting in dramatic gains over 24 hours with potential for even higher returns should future listings be successful .