$FLOKI Has Increased By 520% Since The Beginning Of The Year And Is Now Listed On Kucoin

Key Points:

• FLOKI is a potential competitor of Shiba Inu and Dogecoin, with a 520% increase since the beginning of the year, and is still listed on 1 major exchange.
• This afternoon, Floki was listed on Kucoin, with trading pairs FLOKI/USDT and FLOKI/USDC.

FLOKI, Shiba Inu’s and Dogecoin’s potential rival continues to rise after being listed on a major exchange.

FLOKI, a meme coin project that is considered a rival to Shiba Inu and Dogecoin, announced on February 15, 2023, that this token will be listed by Kucoin with trading pairs USDT and USDC.

Elon Musk drew attention again two days ago in a Twitter post when he uploaded a photo of a dog wearing a black shirt with the words CEO and joked that his dog is a great CEO. Twitter, and “better than some,” and prices for Dogecoin, Shiba Inu, and Floki all skyrocketed.

Previously, at the end of January, after passing a proposal to burn more than 100 million dollars of this tokens on a cross-chain bridge to reduce transaction fees, the price of this meme coin increased by more than 100%.

Previously, the Floki Inu community approved one governance proposal to burn 4.97 trillion tokens on a cross-chain bridge to reduce transaction fees. According to the developers, the proposal was approved with a 99.97% vote in favor of burning tokens on the cross-chain bridge and a 0.03% vote against it. 4.97 trillion tokens were burned (originally worth $55 million when the proposal was initiated) and were worth $102 million by the end of the DAO voting.

“Hacking cross-chain bridge will have a serious impact on the project because the bridge currently accounts for 55.7% of this token total circulating supply,” developers the project said. If hacked, this can deplete the project’s liquidity pools and effectively destroy the project. ” According to Floki Inu’s developers, the move is part of a larger plan to establish this project as a serious DeFi project.

Over the last few months, the team has released projects such as Floki Locker and the metaverse game Valhalla. The token price is currently trading at $0.000053, up nearly 155% in the last 7 days and 520% since the beginning of 2023.

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