Floki Inu (FLOKI) has made headlines in the crypto world with its unprecedented growth in the last 24 hours.
Despite bearish sentiment prevailing in the market, FLOKI’s price surged over 40%, and at press time, it was trading at $0.00004099 with a market capitalization of $398 million.
Thanks to this surge, FLOKI has reclaimed its spot among the top 100 cryptos by market cap and currently sits at the 95th spot.
The driving force behind FLOKI’s sudden surge is Binance, which recently listed the crypto on its platform. Binance announced that trading on FLOKI/USD and FLOKI/USDT pairs will commence on 25 April 2023.
The exchange also took to its social media handle to generate excitement in the community, which contributed to the buying pressure around FLOKI. As a result, FLOKI’s trading volume surged by over 1800% in the last 24 hours, as per CoinMarketCap.
Interestingly, prior to the actual event, several hints emerged, indicating the possibility of Binance 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 total holdings of the wallet exceeded $199 million, making it highly likely that the wallet was linked to Binance.
This latest surge in FLOKI’s price has caught the attention of the crypto community, and many are speculating about its future potential.