Floki Inu Goes Bullish With Opening of ERC20 Deposits on LiteBit

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  • Floki Inu resumes its August pump as LiteBit opens support for ERC20 deposits and withdrawals of the token.
  • The Floki Inu community finished the construction of a school in Guatemala.
  • Floki Inu will also discuss whether FLOKI whales are still accumulating tokens.

Floki Inu (FLOKI) token jumped in price despite a recent dump amid news that LiteBit exchange has opened support for ERC20 deposits and withdrawals.

The news was well received by FLOKI supporters, in which one person suggested opening a staking option for the token. To this, the Netherlands-based exchange replied, “one step at a time, my friend.”

At the time of writing, FLOKI is changing hands at $0.00001519 (four zeroes), according to CoinMarketCap.

Source: TradingView

As seen on the above chart, FLOKI price has escaped the bear zone from the start of August. In fact, FLOKI has now found a support zone in the $0.0000135 – $0.0000145 range. In addition, its growing community continues to believe in the project.

For those unfamiliar with Floki Inu, it is a crypto token born out of Tesla CEO Elon Musk’s frequent mentioning of “Floki” on Twitter. While Musk referred to his pet dog (Shiba Inu breed) whenever he mentioned Floki, people kept pumping the price of Shiba Inu-themed tokens like Floki Inu.

Fast forward to 2022, Floki Inu already has a community of people who believe in the project. In fact, the community has spearheaded a couple of initiatives to drive mass adoption of the token. For instance, on August 11, the community finished the construction of a school in Guatemala.

Today, Floki Inu will also go live on Twitter Spaces, as it will discuss the current state of the market, especially if the top 100 FLOKI holders are still accumulating the token.