FLOKI Soars Past 28% as Project Launches Approach

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FLOKI Soars Past 28% as Project Launches Approach
  • FLOKI’s price rose by over 28% in anticipation of two exciting announcements.
  • Tomorrow, FLOKI’s new staking platform will launch, and today, its sister token will be revealed.
  • FLOKI’s price surged by over 77% in the past week.

Meme coin fans are keeping their eyes fixed on X this week as multiple new developments regarding Floki (FLOKI) are expected to drop. The FLOKI team revealed in an X post earlier today that “FLOKI” is trending on the social media platform in anticipation of what is to come in the coming days.

One of the reasons why FLOKI is garnering attention on social platforms at the moment could be due to the upcoming launch of the project’s unique staking program that is set to launch tomorrow. FLOKI added that the launch will unveil details of their new sister token.

Furthermore, the post also revealed that today at 12 p.m. UTC, the FLOKI team will be unveiling the details of their brand-new sister token in the Valhalla Metaverse.

FLOKI has joined the ranks of the “legendary” meme coin trilogy alongside Shiba Inu (SHIB) and Dogecoin (DOGE). Meanwhile, the FLOKI team believes its rapidly growing utility has elevated it from a mere meme coin to a thriving ecosystem.

The buildup of excitement surrounding the two upcoming FLOKI announcements could be an indication of the altcoin’s price performance. According to data from CoinMarketCap, FLOKI’s price surged by over 28% over the past 24 hours, which left the token trading at $0.00003169 at press time.

FLOKI’s price also managed to climb by 77.03% in the past week. Additionally, the meme’s massive price movements caused its 24-hour trading volume to increase by 255.78% since yesterday. As a result, FLOKI’s intraday volume rose to about $171.8 million.

Daily chart for FLOKI/USDT (Source: TradingView)

From a technical standpoint, FLOKI was able to break above the $0.00002915 barrier over the past 48 hours. It then attempted to do the same with the subsequent threshold at $0.00003325 earlier today but could only reach a high of $0.00003300 before retracing slightly to its current level.

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