Floki Inu (FLOKI) has been on the rise lately. This dramatic increase in the meme coin’s price comes at a time when the majority of the crypto market is experiencing losses, with Bitcoin falling to the $27,000 level. So what is behind FLOKI’s green sticks in the last day?
Floki Inu Gets Binance.US Listing
Despite its popularity in the 2021 bull market and even into the present bear market trends, Floki Inu had been unable to score a listing with Binance, the largest cryptocurrency exchange in the world. However, this changed when the official Twitter handle of the meme coin announced that it had finally debuted on the platform.
On Monday, Binance.US, the United States arm of the Binance crypto exchange, announced that deposits for FLOKI have been opened. Furthermore, trading for the digital asset is scheduled to begin today, Tuesday, April 25, bringing the meme coin to the massive US market.
Floki Inu’s Twitter account tweeted about the milestone saying that “This is MASSIVE news that further legitimizes Floki and makes it clear that we firmly complete the #memecoin trilogy with $DOGE and $SHIB!”
FLOKI rises 34% in one day following Binance listing | Source: FLOKIUSD on TradingView.com
This is so far the biggest listing news that the meme coin has seen and it has sparked confidence in the FLOKI community. The only listings that would be considered bigger than this would be a listing on Binance Worldwide and Coinbase.
FLOKI Flies Following Binance Listing
The Binance.US listing has been a positive catalyst for the price of FLOKI. The meme coin saw a massive surge in price following the announcement and has continued that uptrend since then. The rapid rise in value saw FLOKI go from $0.000027 where it had been trending to hitting a local peak of $0.0000499 on Gate.io before correcting back downward.
Despite this correction, the digital asset is still seeing double-digit gains on the 24-hour chart. According to data from Coinmarketcap, FLOKI is still up 35.9% on the daily chart, and its market cap has now jumped to $380 million as a result of this.
Floki Inu’s trading volume also exploded in the last day. Its volume saw an enormous 2,044% boost in the one-day period and grew as high as $263.9 million. As Binance opens for trading on Tuesday, this trading volume is expected to grow even more and could translate to even more upside for FLOKI.
This surge in FLOKI’s price now puts it ahead of competitors such as Dogecoin and Shiba Inu in terms of gains. While most of the market is still suffering from the decline in momentum, FLOKI is seeing a successful start to the week.
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iCloud, chart from TradingView.com
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