FLOKI, an Ethereum meme coin, experienced a surge in its price by 21% in the one-day trading after an important event. This bullish move came after Coinbase announced it was to include FLOKI in its listing roadmap, a post that fueled excitement among investors.
Despite the broader crypto market corrections, FLOKI has risen and is now looking close to doubling its price over the past week.
Furthermore, crypto exchanges seem to be getting interested in adding more coins off late. Crypto exchange Kraken announced listing KAS on its platform. The coin also saw a strong price surge.
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Coinbase Announcement Ignited Buying Hype
The official announcement of Coinbase, which included FLOKI on its listing roadmap, triggered an instant surge in the meme coin’s price.
This announcement attracted attention throughout the social networks and increased buying interest as well as optimism. Several analysts and traders have estimated that the meme coin may potentially rise up to 500%.
This announcement caused the trading volume increase, which averaged $1.37 billion at press time. Such a steep increase in activity can be attributed to increasing participation from both retail and institutional investors.
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The current circulation and highest market capitalization of FLOKI stand at $2.50 billion, showing that FLOKI is being accepted by investors in the meme crypto markets.
New listings are considered to offer tokens higher levels of exposure and convenience, while Coinbase confirmation is a step forward for FLOKI. Experts believe this could further improve the amount and activity of the coin in global markets.
FLOKI Price Action Signaled Strong Momentum
The price of the meme coin hit a high of $0.0002787 in one day. The meme coin traded relatively bearish but started gaining bullish momentum after Coinbase’s announcement.
After this surge, FLOKI’s price stabilized at higher levels, suggesting a period of consolidation and sustained interest.
The circulating supply of FLOKI stands at 9.60 trillion, nearly matching its total supply of 9.68 trillion, which supports high liquidity. These metrics distinguish FLOKI from other meme coins that often exhibit unstable trading patterns.
However, the sustained high trading volume and price stability indicated that the coin’s bullish momentum might persist.
FLOKI’s Coinbase Listing Signals Meme Coin Growth
FLOKI listing in Coinbase shows how large exchanges are integrating meme coins. Investors wait for further developments and a possible rise as the price continues to hover near new high levels.
However, given the constant high trading volume and social media anticipation around FLOKI, there is every possibility of the coin creating new milestones in the cryptocurrency market. Furthermore, other meme coins like DOGE, PEPE, and BONK have been on a bullish trend, and analysts anticipate more bullish runs.
