FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

Bitcoin’s (BTC) rise to as high as $35,000 this week has also lifted a number of memecoins, including Floki (FLOKI), which has beaten its top rivals in percentage gains.

FLOKI price up 140% amid Bitcoin ETF hype, TokenFi launch

As of Oct. 27, FLOKI had surged over 140% to $0.00004261, its highest level in five months. The memecoin, known for its controversial marketing tactics, started rallying after New York-based Grayscale Investments filed for a new spot Bitcoin exchange-traded fund (ETF) on NYSE Arca, as shown below.

FLOKI/USD daily price chart. Source: TradingView

Looking at the past 24 hours, FLOKI’s gains have picked an additional boost from the launch of its tokenization platform,…

Read more on Cointelegraph

59.2K Reads