Coinbase Listing Floki Inu, This Memecoin Will Set A New Record?

JAKARTA - Floki Inu (FLOKI), one of the rising coin memes, is back in the spotlight after recording a significant spike in trading volume. On Thursday 21 November. According to a CoinSpeaker report, Floki's daily volume increased by more than 150 percent, reaching USD 1.4 billion (approximately IDR 22.12 trillion) recently. The price of this token also rose 4 percent in the last 24 hours, trading at the level of 0.00.25 US dollars (approximately IDR 3.9).

The increase in FLOKI's trading volume was triggered by Coinbase's announcement that it was starting to support Floki's trading on the Ethereum network. Of course, this is a breath of fresh air for Floki, who had previously attracted the interest of the crypto community after gaining recognition from Binance. Coinbase also said that it was considering a Floki-USD trading pair if the liquidity needed was achieved.

Floki is not just a meme-based token. With a full market capitalization of 2.5 billion US dollars (approximately IDR 39.5 trillion), the project offers a variety of innovations such as FlokiFi Locker, a platform to lock up the liquidity of new crypto tokens. Floki's total locked value now stands at more than 44 million US dollars (approximately IDR 695.2 billion), with net liquidity of around 25 million US dollars (approximately IDR 395 billion).

The development team has also burned 59 percent of the total supply of tokens worth around USD 1.5 billion (IDR 23.7 trillion) to reduce inflation. Based on technical analysis, Floki is forming a cup and handle pattern that is often an indicator of bullish. Analysts project that Floki prices could reach USD 0.00061 (approximately IDR 9.63), up more than 100 percent from the current price. With Coinbase support and a positive trend in the market, Floki has the potential to become a major competitor to Dogecoin and Shiba Inu in the crypto ecosystem.