Floki witnessed a sharp surge on Bithumb.
Shiba Inu’s rival, Floki Inu (FLOKI), witnessed a record-breaking surge on one of the top South Korean exchanges, Bithumb—the price of Floki reached 0.1324 Korean Won (KRW).
Floki Inu, the utility token of the Floki Inu ecosystem, has experienced an incredible surge on the popular South Korean exchange Bithumb. The token’s value shot up an astonishing 215%, propelling it to reach an all-time high price of 0.1324 KRW on Friday, June 30th. This impressive rally caught the attention of many investors and crypto enthusiasts worldwide.
However, in the days following the peak, the token’s value experienced a sharp decline, and it is currently trading at 0.0364 KRW. Despite this pullback, the overall performance of Floki Inu remains remarkable.
What makes this surge even more intriguing is that other international exchanges did not witness a similar upswing. Floki Inu only saw a marginal 1.35% increase in exchanges outside South Korea.
Currently, Bithumb stands as the sole Korean exchange to list the Floki Inu token, having added support for it on May 18th.
As of the latest data, Floki Inu holds the 33rd spot among the most traded cryptos on Bithumb. The Korean traders have exchanged hands with $929,143 worth of FLOKI in the past 24 hours.