Featured image from X @BlackstarsMKTCR, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The memecoin FLOKi is leading today\u2019s crypto market with a rally of +12.8% in the last 24 hours, sharing the top spot with Artificial Superintelligence Alliance (FET) which is up +12.2%. The price surge can be several developments and partnerships, most notably involving Binance and the upcoming airdrop of Simon\u2019s Cat (CAT) token. #1 Binance Supports CAT Airdrop To FLOKI Holders Probably the most important factor fueling today\u2019s FLOKI price rally is the announcement that Binance, the leading global crypto exchange, will support the airdrop for Simon\u2019s Cat (CAT). The exchange’s decision to take a snapshot on August 29, 2024, is crucial for the airdrop distribution and has presumably ignited buying pressure from airdrop hunters. According to the official Floki blog: \u201cAs initially revealed in our official announcement about Simon\u2019s Cat launch on TokenFi, Simon\u2019s Cat has allocated 20% of the total CAT supply to the Floki community. This strategic move is expected to enhance both the visibility and liquidity of FLOKI tokens across platforms.\u201d Related Reading: End Of The Slump? Floki Eyes A 46% Price Surge \u2014 Analyst The upcoming airdrop involves distributing approximately 315 billion CAT tokens, which constitutes 3.5% of the total Simon\u2019s Cat token supply. Eligibility for the airdrop requires holders to maintain a minimum of 400,000 FLOKI tokens, with the distribution proportional to the amount of FLOKI held at the time of the snapshot. #2 FLOKI DAO Approves CAT Reserve Further bolstering FLOKI’s market position is the recent decision by the FLOKI DAO to allocate $200,000 USDT from its treasury for investing in Simon’s Cat Token. This move, approved by 97.72% of voting participants, could enhance the intrinsic value of FLOKI. The official statement released by the FLOKI DAO emphasized: \u201cAfter a decisive vote by the FLOKI DAO, with 97.72% approval, Floki will allocate $200,000 USDT from the Floki Treasury to invest in the CAT token, which will be held as a strategic asset. This decision highlights our dedication to community-driven governance and decision-making.\u201d #3 Market Sentiment And New Exchange Listing The crypto community has also been abuzz with talks of a new BNB memecoin season, a sentiment that has been supported by FLOKI’s official X account. The team wrote on Wednesday: Related Reading: Floki Inu To Build Schools In India, FLOKI Price Seen Hitting $17 \u201cWe’re hearing whispers of BNB season again. Here’s a reminder that FLOKI is the biggest memecoin on the BNB chain by far! Floki is bigger than every other memecoin on the BNB chain COMBINED and is partnered with the BNB chain. We’re excited about the BNB ecosystem and will continue to actively support it!\u201d Additionally, major crypto exchange ByBit added the FLOKI \/ USDC trading pair yesterday. The exchange revealed the listing in response to strong demand, boosting Floki’s liquidity to over 40 MILLION users. \u201cThis addition will make it easier for ByBit’s massive user base to purchase FLOKI and interact with the FLOKI ecosystem,\u201d the memecoin\u2019s team remarked via X. #4 Bullish Chart Setup Technical analysis from popular crypto analyst CRG (@MacroCRG shows a bullish chart setup for FLOKI. The convergence of fundamental developments and technical indicators suggests a strong upward momentum. CRG stated: \u201cFLOKI chart looks fkin delicious. Plus, lots of fundamental tailwinds to ignite momentum: CAT \/ @SimonsCatMeme launching today (BNB szn loading, FLOKI should be a huge beneficiary as it’s BNB’s flagship meme). Binance also confirmed to be airdropping a big chunk of CAT to FLOKI holders, bullish af. Full send.\u201d At press time, FLOKI traded at $0.00014303. Featured image from X @BlackstarsMKTCR, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":637214,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[14690,85497,92603,87130,87131,85699,92942],"class_list":["post-637212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-news","tag-floki","tag-floki-news","tag-floki-price","tag-flokiusdt","tag-memecoin","tag-memecoin-floki"],"acf":[],"yoast_head":"\n
FLOKI Leads Crypto Market With 13% Surge, Here's Why<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n