FLOKI news

Elon Musk posted a new video featuring Floki, his unofficial mascot, on X, sparking a roughly 30% rally for the meme coin FLOKI. The surge helped recover losses from the recent Black Friday crash that had stalled the token after its European ETP listing. While Musk’s boosts can be fleeting, the move marked a significant short‑term lift for FLOKI.

Elon Musk posted an AI‑generated video of his Shiba Inu, Floki, acting as the CEO of X. The playful post triggered a 29% spike in the Floki memecoin. Musk’s influence on meme‑coins isn’t new; his tweets have historically pushed Dogecoin higher, and he has been linked to past price surges. The memecoin market has recently endured sharp falls—dropping 40% in market cap from $72 billion to $44 billion on Oct 11—yet the Floki rally showed the sector’s vulnerability to hype‑driven volatility.

Elon Musk posted a playful video of his Shiba Inu, Floki, acting as X’s CEO, which immediately sparked a 29% rally in the Floki memecoin. The surge underscores Musk’s continuing sway over speculative crypto, echoing his past influence on Dogecoin and the 2022 lawsuit that alleged he manipulated DOGE prices—though the suit was withdrawn in November 2024. Even after recent crypto crashes that slashed the memecoin market’s valuation by nearly 40 %, the brief spike shows the sector’s volatility, with prices falling again as market fear took hold.

Floki’s price surged nearly 23 % in the last 24 hours after the launch of the Valour Floki SEK ETP on Sweden’s Spotlight Stock Market, making it the first BNB‑Chain token, apart from BNB itself, to receive an exchange‑traded product in Europe. The launch comes amid a revival of BNB‑Chain projects; the token operates on both Ethereum and BNB, with a play‑to‑earn NFT game, DeFi locker, marketplace, and education platform, and follows BNB’s recent all‑time high before a slight pullback.

FLOKI, a BNB‑chain meme coin, became the second meme token to list an exchange‑traded product (ETP) on a regulated European market when Valour’s Valour Floki SEK launched on Sweden’s Spotlight Stock Market. The ETP allows institutional and retail investors to track FLOKI without holding the token directly. The listing has lifted the token above $0.0001, with a 31% price jump and a market cap exceeding $1 billion. Analysts view the debut as a turning point that could broaden acceptance of meme coins and signal growing institutional appetite for crypto‑linked products.