Floki Gains Momentum
Meme coin Floki surged 15% after Coinbase confirmed its listing, driving trading volume up by 99.4%. The listing will launch on Thursday, with trading support limited to its ERC-20 version. Floki’s market cap reached $2.68 billion, with total trading volume exceeding $1.34 billion.
Meme Coin Market Boom
Meme coins have doubled their market cap since Trump’s election win, with Floki up 600% this year. Dogecoin and Bonk also saw significant gains, driven by strong community support and speculative trading. Institutional interest is growing, with DWF Labs launching a $20M meme coin fund.
Cultural and Market Impact
Floki’s viking-themed branding and ties to Elon Musk have fueled its popularity. While meme coins remain highly volatile, they continue to attract investors and cultural attention, making them a unique force in the crypto landscape.
