Floki Inu (FLOKI) is one of the latest meme coins to make headlines, as it was listed on Binance. US.
The news sparked a massive rally in FLOKI’s price, which surged by almost 50% in just one day, making it one of the most talked-about cryptocurrencies in the market.
FLOKI is inspired by Dogecoin (DOGE), the original meme coin that has gained popularity and support from celebrities like Tesla and Twitter CEO Elon Musk.
FLOKI was named after Musk’s dog, which he revealed in a tweet in November 2021. Since then, FLOKI has attracted a loyal community of fans and investors who hope to see it reach the same heights as DOGE.
Is meme coin rally on the horizon?
The rise of these type of digital assets, once considered nothing more than internet jokes, is now undeniable, and the growing number of listings is proof of their increasing popularity.
While there is little assurance of their lasting value, Floki Inu’s recent gains and attention imply it may have staying power.
FLOKI is not the only meme coin that has recently seen impressive gains. Social media buzz and speculation have also driven PepeCoin (PEPE), Baby DogeCoin (BABYDOGE), and Chad Coin (CHAD) to double or triple digits.
Some experts argue that these meme coin rallies are a sign of a micro-bubble in the crypto market, where the risk is extraordinarily high compared to other tokens. They warn that these gains are likely unsustainable and that investors should be cautious before jumping into these projects.
