The Floki Inu token saw a massive surge this weekend after it was featured on Chinese TV, during the World Table Tennis Championships. Could it overtake Pepe and become the #3 largest meme coin?
On the 28th of May, Sun Yingsha defeated Olympic champion Chen Meng 4-2, and the official @RealFlokiInu Twitter account tweeted that the meme token was exposed to over 100 million people in China, just in time for Hong Kong legalizing crypto.
The 24 hour trading volume of FLOKI is up almost 400%, according to CoinMarketCap, and after its Binance listing on the 5th of May, the token has rebranded from Floki Inu to differentiate itself from Shiba Inu, and become one of the top meme coins.
At the time of writing, FLOKI has a market cap of over $330 million and is the 4th largest meme coin, behind DOGE, SHIB and PEPE.
Twitter user @Phoenix_Ash3s believes that the China pump could continue, with his meme reference to the Xi Jinping pump from 2019. The token has rallied almost 25% between the 24th and 28th of May, before a pullback.
At the same time, Crypto Tony tweeted that FLOKI and PEPE could start to rise from support if the bulls step in, both currently in a descending triangle pattern. He stated that no meme coins come close to the power those two ‘legends’ have.
For PEPE to flip SHIB, it would need to increase almost 10x, and 20x to flip DOGE.
Wall Street Memes (WSM) is another upcoming meme coin which has raised over $800,000 since its presale on the 26th of May, and has a widespread following across social media. AiDoge (AI) is another new meme coin which recently sold out its presale in one month and is set to announce its IEO date.
It’s too early to tell what the Floki Inu price prediction will be, but it’s clear that it has the potential to become the #3 meme coin.
