Binance may have to list a popular meme coin. The crypto community is gathering strength to enter Binance’s altcoin list through an online survey. Its price has increased by an impressive 410% on a monthly basis.
Thousands of contributors voted for this altcoin project to be listed on Binance
The related altcoin Floki Inu (FLOKI) is currently set to enter the top 200 cryptocurrencies by market cap. Floki has gained around 60% after being listed on KuCoin yesterday. Shortly after that, a smaller exchange, LCX Exchange, announced that it would list FLOKI, following Kucoin’s lead.
We are excited to announce: Floki token will be launching at LCX Exchange with 3 trading pairs: $FLOKI / $LCX; $FLOKI / $USDC; $FLOKI / $ETH@RealFlokiInu $FLOKI 🤝 @LCX $LCXhttps://t.co/cKRjpDtodC pic.twitter.com/PNIhIbw7Cx
— LCX (@lcx) February 15, 2023
Amid this news, signatures are gathering for Binance to list Floki Inu (FLOKI). The survey has now reached 30,000 signatures and is attracting over 10,000 participants each week. With the signature campaign, the constant trend of Floki increases the pressure on Binance.
Here’s why Floki surged 400% while altcoin market was stagnant
The team behind the project recently announced that it will burn approximately 5 trillion FLOKIs to reduce the fee charged on each transaction to 0.3%. The offer is intended to provide users with additional security. Shortly after the announcement, the price of FLOKI increased by 15%.
The developers argue that a potential hack would have a “catastrophic effect” as it currently holds more than 55% of FLOKI’s total circulating supply. The bid was accepted three days later, and the team reported on Feb. 9 that it had burned $120 million worth of FLOKI through the burning of a bridge token.
The decision to burn these tokens and disable #Floki's main cross-chain bridge was executed in line with a Floki DAO proposal that passed on January 28,2023 and would make the Floki Ecosystem A LOT more secure.
You can read the proposal here:https://t.co/nmx4cxIyFt
— FLOKI (@RealFlokiInu) February 9, 2023
Elon Musk influence
The Twitter CEO shared a photo of his dog wearing glasses and dressed as Twitter’s new CEO. The photo of the pet named Floki caused another price increase for the meme coin of the same name. cryptocoin.comWe have included the details in this article.
Elon Musk previously asked his followers whether he would step down as CEO of the social media platform. The majority voted “yes”, which forced him to seek another boss. According to Musk, the upcoming leader must be “stupid” enough to take on the role.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
FLOKI is currently trading at $0.00006683, up over 80% from the last 24 hours. It has risen almost 100% in the last two weeks and has increased by an impressive 410% on a one-month basis. The KuCoin listing, the Floki burning bid, the Elon Musk tweet, the loaded whale purchases were the main catalysts behind the rally.
FLOKI is about to reach the top 200 by market capitalization, with an increase of over 80% compared to the last 24 hours. The 24-hour trading volume has exceeded $230 million.
