FLOKI: The Memecoin Messiah? Major Announcement on the 17th

Meme coin network Floki, in a recent post on X (formerly Twitter), teased an upcoming major announcement. The tweet has since garnered the attention of community members, with many speculating on what the announcement could be.

The cryptic post merely mentioned October 17, 2023, without providing any other information. However, many Floki community members speculate that the cryptic post foreshadows the coming “meme season.”

Of late, the meme coin, inspired by Shiba Inu and Dogecoin, has stepped up to extend its presence in the crypto ecosystem. The moves highlight the network’s commitment to expand beyond its meme status.

In September, Floki announced it was listed on the crypto lending and trading platform Hexn Exchange. According to the announcement, the Hexn Exchange will give members more options for trading and liquidity.

However, the recent market performance of the token suggests that the efforts of the team might have paid off. Data from CoinMarketCap shows that the token has seen increased interest in the past few days, offsetting losses it made last week.

At present, the token is exchanging hands at $0.00001797, a 7.11% increase in the past 24 hours. On the weekly chart, Floki has lost -2.84%, but in the past 30 days, it has registered a 12.98% gain in its price.

Furthermore, the meme coin recorded a bigger boost in its trade volume in the past 24 hours. Floki registered over $19.08 million in trade volume, an 186.02% increase over previous figures.

The meme coin has a total market cap of $169.83 million, making it the 137th-ranked cryptocurrency network. Floki sits as the fourth-largest meme coin network behind DOGE, SHIB, and PEPE.

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