As a seasoned crypto investor with several years of experience in the market, I’ve seen my fair share of meme coins come and go. However, the recent achievement of Floki (FLOKI) has left me impressed and optimistic about its future potential. With an all-time high Total Value Locked (TVL) of $820 million, FLOKI is currently outshining other popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE).
Recently, the meme coin Floki achieved a significant accomplishment as its Total Value Locked (TVL) surged to an impressive $820 million. This development has left top meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepecoin (PEPE) trailing behind in terms of TVL.
FLOKI shines bright
According to the team’s disclosure, FLOKI currently holds an record-breaking Total Value Locked (TVL) of $820 million. This exceeds the highest TVL among any meme coin in the industry. The TVL signifies the combined worth of assets locked or staked within a specific protocol. A project boasting a larger TVL is generally perceived as more thriving and robust than one with a smaller value.
Approximately $712 million of FLOKI’s total value locked (TVL) of $820 million comes from Floki Staking, while around $118 million originates from FlokiFi Locker.
Floki surpasses its maximum value in the ecosystem, reaching a total of $820 million between two primary products:
— FLOKI (@RealFlokiInu) May 28, 2024
Based on this significant achievement, it is clear that many investors find FLOKI intriguing and are consequently pouring into the ecosystem in large numbers. If this trend persists, it won’t take long before Floki realizes its goal of becoming the globally recognized and widely adopted cryptocurrency.
Over the past day, the value of FLOKI has risen by 4.3%, reaching a price of $0.000298. The market capitalization and trading volume have also grown, amounting to $2.8 billion and $1.3 billion respectively, marking increases of 4.8% and 40% respectively.
Recent developments in Floki ecosystem
After Floki’s latest success was announced, the team declared that the upgraded version 2.0 of the Floki Staking Launchpad is now active for users. As stated by Floki, those who register within the upcoming 48 hours will be eligible for a staking multiplier bonus equal to a 3.5 times increase in Annual Percentage Rate (APR).
Just the day before, Floki revealed the debut of its trading bot. The company stated that half of the fees earned via this bot would automatically acquire and eliminate FLOKI tokens to boost their value.
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2024-05-28 18:40