Altcoins

Floki Inu Soars 3500%, Elon Musk Hyped Meme Coin to Moon!

Floki Inu is one of the most talked-about meme coins right now, according to Tesla CEO Elon Musk, a Dogecoin fanatic. 

Musk announced on Twitter over the weekend that his new Shiba Inu, Floki, is named after him, and that there is now a new meme coin. Outside of the cryptosphere, Floki is the name of a character from the popular television show Vikings. It’s thought that this is where Musk got the idea for his new Shiba Inu pet.

According to UniSwap, the value of the currency soared by 3,500% in the hours following Musk’s tweet (which also happened to be the hours following the currency’s launch). Floki, as far as we know, has a plentiful supply. A trillion coins are now in circulation, although the total supply is unknown. 

Since his tweet, many investors from over the world have flocked to buy FLOKI, causing the coin’s market cap and price to skyrocket.

Where to Buy Floki?

Floki isn’t listed on any of the main cryptocurrency exchanges. People who want to buy Floki Coin can do so on the Uniswap trading platform. 

Furthermore, UniSwap does not allow you to buy Floki directly with USD or AUD, therefore you must first buy an intermediary currency, then use that coin to buy Floki. That is, if you are serious about purchasing this coin. 

It should be noted, however, that numerous duplicate Floki Coins have been produced as a result of Musk’s Tweet. It is best to avoid this meme coin because the price can be quite erratic.

The FLOKI coin is available for trading at a live price of $0.00000252, according to market price data. It is the market price at the time the article was written.

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Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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