A dog-themed meme asset that rivals Dogecoin (DOGE) and Shiba Inu (SHIB) is flourishing after gaining assist from prime US-based crypto alternate platform Coinbase.
In a brand new thread on the social media platform X, Coinbase says it’s including assist for Floki (FLOKI), a memecoin launched in 2021 impressed by billionaire Elon Musk’s pet canine.
“Coinbase will add assist for FLOKI (FLOKI) on the Ethereum community (ERC-20 token)… Buying and selling will start on or after 9AM [Pacific time] on 21 November 2024, if liquidity circumstances are met.
As soon as enough provide of this asset is established buying and selling on our FLOKI-USD buying and selling pair will launch in phases. Assist for FLOKI could also be restricted in some supported jurisdictions.”
Information of the addition despatched FLOKI flying, because the token went from a worth of $0.000234 to a peak of $0.000283 on November twentieth. The digital asset has since stabilized and is buying and selling for $0.000256 at time of writing, a ten.3% enhance over the last 24 hours.
FLOKI acts because the utility token for the Floki ecosystem, which has quite a few decentralized finance (DeFi) companies on each the Ethereum (ETH) and Base blockchains.
Earlier this week, Coinbase announced that it might be including FLOKI to its itemizing roadmap, which the alternate makes use of for transparency and to stop the front-running of tokens earlier than they’re formally listed.
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