Floki Attains $500M Market Cap, Enters Top 100 List of Largest Assets.
Floki attained a $500 million market capitalization amid a rapid surge that has seen the asset appreciate by 82% in the past week. The recent achievement has pushed the asset into CoinGecko’s top 100 list of largest assets by valuation, marking an impressive feat for the project.
The Floki team noted that while CoinGecko has updated its current ranking, CoinMarketCap has failed to do so, and they will provide updates when they do.
$FLOKI is now officially in the Top 100 of all #cryptocurrencies according to top crypto tracker @Coingecko — alongside $DOGE and $SHIB.
Visit our Coingecko page here:https://t.co/CAY14NxDRT
We're still waiting for @CoinMarketCap to fix our rank. We will share when they do! pic.twitter.com/GpqZybOrx1
— FLOKI (@RealFlokiInu) February 16, 2023
A look at CoinGecko’s list of top assets shows that Floki is currently sitting in the 95th position, with a market capitalization of $528.8 million as of press time. The asset is towering above other notable assets such as PAX Gold (PAXG), 1 inch (1INCH), Terra (LUNA), and Gala (GALA).
Notwithstanding, CoinMarketCap has not updated the asset’s valuation accordingly, as the platform still displays a $483 million market cap.
Having begun the year with a value of $0.0000081, Floki’s current price of $0.00005414 shows that the asset has gained by a massive 568% since the start of this year. Floki has maintained a 52% gain in the past 24 hours following a rapid surge; this makes it one of the biggest gainers among the top 100 assets on CoinGecko.
In addition to its feat in valuation, Floki’s native DeFi protocol FlokiFi Locker has also been attaining greater heights of late, as it recently crossed $17 million in total value locked (TVL). This translates to a 71% increase in TVL since the start of this month, as the protocol only hit $9.9 million on Feb. 1. This rapid surge in TVL signals a massive increase in adoption rate.
Positive Developments Around Floki
Floki’s bullish momentum has been triggered by a cluster of recent positive developments surrounding the assets. Notably, Seychelles-based exchange KuCoin announced the listing of Floki. This comes after OKX also listed the asset last December.Â
? New Listing@RealFlokiInu $FLOKI Gets Listed on #KuCoin!
?Pairs: FLOKI/USDT, FLOKI/USDC
?Deposit: now open (network: ERC20, BEP20)
?Trading: 9:00 AM on February 17, 2023 (UTC)#Memecoin #DeFi #Metaverse— KUCOIN (@kucoincom) February 15, 2023
Moreover, the Floki team revealed last Friday that they had burned a whopping 5.1 trillion Floki turns after the community voted to incinerate the tokens.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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