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Is Binance listing Floki?

In this post:

  • An address tagged as “Binance 40” holds over $630,000 worth of Floki tokens.
  • This address is the 41st largest Floki holder and contains various other yet-to-be-listed cryptocurrencies.
  • With the listing on Binance.US, Floki might be listed on Binance’s main exchange soon.

Following the recent adoption of a “Twitter CEO” avatar, Floki Inu coin has joined Dogecoin (DOGE) in the list of memecoins that have caught the eye of crypto enthusiasts. Considered a rival to Shiba Inu (SHIB), Floki Inu is a multichain token operating on Ethereum (ETH) and Binance Smart Chain (BSC) networks and is currently ranked within the top 100 cryptocurrencies based on market value.

With over $630,000 worth of FLOKI tokens in a “Binance-linked” address and a recent listing by Binance.US (the American entity of Binance), it is likely that the coin might be added soon to Binance main exchange.

Crypto address holds Over $630,000 worth of Floki tokens

According to BubbleMaps data, an address tagged as “Binance 40” holds over $630,000 worth of FLOKI tokens. This address is the 41st largest Floki holder and also contains various other yet-to-be-listed cryptocurrencies.

Screenshot 2023 04 24 at 8.23.02 PM
Binance 40″ at the 41st position of the largest Floki holders. Source:BubbleMaps

The trend has intrigued many crypto enthusiasts, fueling speculations that Floki Inu (FLOKI), the ecosystem’s utility token, might be the next cryptocurrency to be listed on Binance.

Elon Musk’s subtle signal and Floki’s potential Binance listing

While the meme about FLOKI becoming the new Twitter CEO might have been a light-hearted joke, it could also be interpreted as a subtle indication from Musk that he is earnestly searching for his successor. He mentioned the possibility of appointing a new Twitter CEO by the end of 2023.

Given this context, the Floki Inu community remained hopeful that Binance will list the memecoin, which currently boasts a total market cap of $496 million. It’s worth noting the close connection between Binance and Elon Musk, as the crypto exchange recently acquired equity in Twitter when the Tesla CEO took the helm. Binance’s Changpeng Zhao (CZ) and Musk are known to share a good rapport.

Following Musk’s tweet about FLOKI, the cryptocurrency emerged as one of the most searched coins on Binance, further fueling calls for a Floki Binance listing. Shortly after the debate about Floki being the new Twitter CEO, major crypto exchange KuCoin announced its decision to list the memecoin.

Floki listing on Binance.US

Binance.US, the third-largest crypto exchange in the United States, announced its support for FLOKI, giving the asset a significant boost and bringing it one step closer to global mainstream adoption. The announcement follows an impressive 33% rally by Floki Inu.

Binance.US shared the news through a press release and its official Twitter account. Floki Inu has already been listed on the platform, but only deposits are currently available. Binance.US plans to open trading for Floki against USD and USDT on April 25 at 5:00 (PDT) or 12 noon (UTC).

The Binance.US announcement coincides with a remarkable price surge for Floki Inu, which has experienced a 33% increase in value over the past 24 hours. This growth has made Floki Inu the top gainer among the top 500 assets listed on CoinMarketCap.

The asset’s rally began a few hours ago when it rose from $0.00002910 at 12:00 (UTC) to its current value of $0.00003775. Floki Inu’s market cap has also seen a substantial increase, reaching $365.8 million. As a result, the asset now ranks 104th on CoinMarketCap’s list of largest tokens by market cap.

It is essential to know that last year, the Floki Inu community announced a petition for Floki to be listed on Binance main exchange. More than 30,000 individuals left their signatures in support of the motion.

With the listing on Binance.US, it is likely that FLOKI is on the radar to be also listed on Binance’s main exchange very soon. Till then, let’s keep our fingers crossed.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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