Can Floki Inu Lead the Memecoin Rally with its Upcoming ETP Launch?
The Floki community recently voted in favor of a proposal that will help create the liquidity needed for the launch of the ETP, which is currently scheduled to go live in the first quarter of 2025. Once launched, it will become the second memecoin ETP on a regulated stock exchange, following in the footsteps of the Dogecoin ETP. This year, the coin is up 400%, showing strong support from the community pushing it to new heights.
Floki’s bullish move is creating the possibility of a memecoin breakout in 2025, as many others will follow this trend and join the ETP craze to capitalize on this success. Floki’s price is expected to rise following the news and could attract significant institutional support.
What is the proposal?
According to the proposal, it will allocate a portion of the 16.3 billion tokens in the community buyback wallet to provide liquidity for ETP, while the remaining tokens will be destroyed. As a result, the token price surged 5% to $0.0001797, and trading volume surged 58% in just 24 hours. Community-driven projects are seen as a popular choice among cryptocurrency investors, as many meme coins have the backing of political leaders and celebrities.
The interest market is heating up
Therefore, market analysts are optimistic about Floki’s potential. There was a clear surge in market interest as futures open interest (OI) increased by 10% and derivatives trading volume increased by 74%. Some analysts predict that Floki could rise by more than 50%, possibly reaching $0.00055, or even targeting $0.00080. The growing attention from traders and analysts highlights Floki’s bullish outlook, especially as the launch of an ETP is likely to significantly increase its market visibility and investor interest.
What’s next?
Floki Inu is in a recovery phase, with its price holding steady but also positioning itself for a potential rise. Currently, it is trapped below the key price level of $0.0002761. If it manages to break above this level, it could surge higher, with some analysts predicting it could reach as high as $0.0005467, which would be a massive 200% jump from current levels. What’s exciting about Floki is its strong community, growing partnerships, and growing attention from the market. If the coin explodes soon, it could present a huge opportunity for investors willing to take some risk.
Despite the excitement, it’s best to analyze the market before investing in a hyped project, as many analysts warn that such projects can be fatal once the craze on social media subsides. However, following Trump’s victory, the memecoin industry is considered the best investment option for investors looking to shift their portfolios.
