Is It Too Late to Buy Floki? FLOKI Hits New All-Time High, Experts Tip This AI Meme Coin Next
Floki ($FLOKI), a popular meme coin homage to Elon Musk’s eponymous Shiba Inu, posted a new all-time high (ATH) of $0.0003449 at yesterday lunchtime UTC.
Floki’s rally was strongly driven by reminders yesterday across crypto social media and the blogosphere that the token is the biggest meme coin on Binance Smart Chain ($BNB).
$FLOKI just crossed 417,400 holders on the $BNB chain!#Floki remains the biggest #memecoin on the #BNB chain by far, with a far bigger market cap than every other BNB chain memecoin COMBINED!#Floki's vision is to be the world's most known and most used cryptocurrency, and we… pic.twitter.com/dCSnTVfXWI
— FLOKI (@RealFlokiInu) June 4, 2024
It has since fallen 9.3% from ATH and about 4.2% from its price 24 hours ago to trade at $0.0003128 as of this writing.
Much of investors’ recent excitement towards Floki has been thanks to news of its Telegram-based trading bot, which is in closed beta test stages.
The Floki bot utilizes $FLOKI as its native utility token and charges a 1% fee on every trade. Half of the fee-based revenue will go towards buying back and burning $FLOKI tokens while the other half will go into the treasury.
The public launch will happen “in a few weeks time” and will bring the new Floki bot to $FLOKI’s 480,000 holders.
Floki launched in 2021 and is named after Tesla CEO Elon Musk’s pet Shiba Inu. It is compatible with both Ethereum ($ETH) and Binance Smart Chain.
Over on Floki’s trading chart, we can see over the last three months that support has been growing from $0.0001 to $0.0002 as indicated by the diagonal green line. Since the end of May, the token has broken above previous resistance levels of $0.00023 and broadly appears to be sustaining new recent highs.
Floki is currently trading
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