CoinMarketCap (CMC), the world’s number 1 crypto asset tracking website, has verified the Floki Inu (FLOKI) market capitalization.
With this update, FLOKI has become more legit crypto, and this legitimacy will aid the token better rank among the top cryptocurrencies in the world.
— Floki Inu (@RealFlokiInu) January 21, 2022
Formerly on January 6, Floki addressed the issue of Change in FLOKI Max supply on CoinMarketCap (CMC). Floki Inu claimed the burn of 10.65 Trillion tokens, but CoinMarketCap did not deduct such burnings in Floki max supply.
Looking into the CMC data, we found that the floki issue is now resolved, and the maximum supply of FLOKI tokens is now changed from 20,000,000,000,000 to 10,000,000,000,000.
Coin Market Cap has also assigned verified signs to FLOKI supply, i.e., 9,137.70B FLOKI tokens. In this way, the market capitalization of Floki Inu is also verified, which currently stands at $445,208,120.
Despite this positive news, Floki’s token price has fallen more than 12% and is trading at $0.00004879 per token at writing.
This recent sharp fall in the prices for the token follows Bitcoin, which is also down more than 10% today. The global crypto market cap declines from 2.0 Trillion USD to 1.82 Trillion USD, i.e., -10.77% decrease over the 24 hours.