In the midst of a bearish market, Floki Inu (FLOKI) has seen an incredible 40% increase in price within the last 24 hours, currently trading at $0.00004099 with a market cap of $398 million.
This surge has pushed FLOKI back into the top 100 cryptos by market cap, with a current position of 95th.
The catalyst for this latest surge is the recent listing of FLOKI on Binance [BNB]. The exchange announced that trading of FLOKI/USD and FLOKI/USDT pairs would commence on April 25, 2023.
Binance is also actively promoting FLOKI through its social media channels, which has created excitement within the community and led to increased buying pressure. This is evidenced by the over 1800% increase in FLOKI’s trading volume over the past 24 hours, as reported by CoinMarketCap.
Prior to the listing announcement, there were hints that Binance might be listing FLOKI. Altcryptogems posted a tweet regarding a wallet named Binance 40, which held FLOKI worth over $630,000, making it the 41st-largest holder of the token. The wallet’s total holdings exceeded $199 million, making it highly likely that it was linked to Binance.