Binance Announces: Just days after discovering the true potential of Shiba Inu and deciding to delist it from its “innovation zone”, the U.S. branch of the world’s leading crypto exchange has now made the decision to offer Floki (FLOKI) – a popular meme token.
Binance Lists Floki (FLOKI)
On Monday, April 24, users of the Binance exchange were informed of the addition of the Floki token to its platform. Once the trading goes live tomorrow, April 25, 2023 at 5 a.m. PDT / 8 a.m. EDT, customers of the exchange will be able to deposit FLOKI tokens into their accounts.
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In the wake of this announcement, the meme coin which has a current value of $345 million experienced a surge of 6.1% in the last hour and 25% in the last 24 hours. At the time of writing, the FLOKI token is trading for $0.000035.
Is the Meme Market Heating Up?
In response to the rising demand for these digital assets, Binance has recently created seven new liquidity pools for cryptocurrencies such as Bitcoin, Shiba Inu, and Dogecoin. Additionally, other memecoins such as Bone ShibaSwap (BONE) and ArbDoge AI (AIDOGE) have seen price hikes of more than 10% today with the news of their exchange listing.
This has led many crypto enthusiasts to anticipate a possible meme coin rally in the market, wherein they expect to see more retail investors getting involved as more exchanges offer support for these altcoins. However, the success of these tokens heavily depends on Bitcoin’s performance, and a drop from its current level of $27K could be catastrophic for the entire crypto market.
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