Dog-themed meme coins are on the rise, with Bonk and Floki leading the pack. Bonk, a Solana-based token, saw a 30% surge in the past 24 hours, while Floki, an Ethereum-based token inspired by Elon Musk’s Shiba Inu, gained over 7%. These gains dwarfed those of Dogecoin and Shiba Inu, highlighting a potential shift in the meme coin market.
Floki (FLOKI) is experiencing a surge in price following a significant partnership between its play-to-earn MMORPG, Valhalla, and esports powerhouse, Alliance. The collaboration, set to launch in September 2024, promises to introduce Valhalla to Alliance’s massive fan base and drive increased brand recognition within the gaming world.
Floki, a popular dog-themed memecoin, has decided to invest $200,000 in its sister project, Simon’s Cat, a feline-themed memecoin. This move sparked a significant price surge for both tokens, showcasing the power of inter-community collaborations in the memecoin space. Floki’s strategic shift towards building a utility-driven ecosystem, coupled with its recent partnership with the English Premier League, is attracting further attention and contributing to its growth.
Unipcs, a veteran trader known for a massive $18 million profit from a single BONK trade, believes the meme coin market is poised for a surge, with BONK and FLOKI leading the charge. He predicts a $300 billion meme coin market cap, driven by strong communities and liquidity.
Despite a broader cryptocurrency market dip, Floki and Dogwifhat emerged as top performers on Tuesday, defying the downtrend. The Solana-based WIF and Ethereum-based FLOKI tokens saw significant gains, fueled by increased trading volume and positive developments, including Floki’s partnership with the English Premier League.
Dogecoin and Floki, two dog-themed cryptocurrencies associated with Elon Musk, experienced significant price gains on Monday, coinciding with Musk’s interview of former President Donald Trump on his social media platform X. The surge highlights the speculative nature of memecoins and their susceptibility to celebrity influence.
Neobank platform Revolut has added the FLOKI token to its platform, allowing over 40 million users in more than 150 countries to trade FLOKI using major fiat currencies. This expansion is part of FLOKI’s strategy to increase its global footprint and enhance its accessibility. FLOKI has recently gained attention on social media and has partnered with Binance Pay and Carbon Browser to enhance its usability and integration in everyday commerce.
