DOGE and SHIB Rival FLOKI Issues Crucial Warning to Community

DOGE and SHIB Rival FLOKI Issues Crucial Warning to Community

The official


The official

All Flokish insights, discussions and updates from the official team that developed FlOKI, it warns, can only be obtained through its official channels, the tweet states.

The tweet also contains the list of Floki’s official social media channels. They can be found on X, Instagram, YouTube, Twitch, TikTok, Discord, Telegram, etc.

Currently, Floki is ranked 56 on CoinMarketCap and has a market capitalization value of $1,618,949,706. Floki’s trading price at the time of writing is $0.0001694.

Floki added to new VanEck meme coin index

Floki emerged in 2021 inspired by Elon Musk’s Shiba Inu puppy, named Floki, after the eccentric shipbuilder from the popular television series Vikings.

Currently, Floki’s pseudonymous team continues to build their metaverse game, called Valhalla; This is their main product. It also runs a marketplace, Floki Places, where NFTs and Floki products are sold, as well as FlokiFi, a DeFi products platform.

This week, FLOKI, along with DOGE, SHIB, PEPE and several smaller meme coins were added to MarketVector’s Meme Coin Index (trading as MEMECOINS) launched by VanEck on Wednesday.

Of six popular meme coins this new index tracks, Floki ranks fifth.

357.3 Billion PEPE Bought on Binance After Major Meme Coin Development

Demand for meme coins soars

According to a pseudonymous X crypto analyst cited by CoinDesk In a recent article, the cryptocurrency market continues to experience quite high demand for meme coins.

In April this year, CoinMarketCap added 138 meme coins, while only 18 new ones were listed in the same month last year. Currently, the aforementioned data tracking site has 2,229 meme coins in total, with a compound market capitalization of more than $50 billion; this almost equals the market capitalization of JP Morgan and also that of Tesla.

The main meme coins are those mentioned in the first part of the article, with Dogecoin and Shiba Inu being the two largest in terms of market capitalization.

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