FLOKI has achieved a significant milestone by getting listed on Bitstamp, one of Europe’s largest and most reputable cryptocurrency exchanges.
This listing includes trading pairs FLOKI/EUR and FLOKI/USD.
Bitstamp, recently acquired by Robinhood for $200 million, holds numerous licenses and registrations worldwide, adding credibility to FLOKI’s presence in the market.
This move is seen as a potential catalyst for FLOKI’s growth, with the team expressing confidence in its future impact.
Despite this positive development, FLOKI’s market performance has been underwhelming.
Currently trading at $0.0001743, the memecoin has experienced a 2.4% decline in the past 24 hours, with its market cap dropping to around $1.66 billion.
Although trading volume increased slightly to $236 million, making it the 30th most traded crypto, investor confidence appears to be waning.
In addition to Bitstamp, FLOKI has also been listed on Binance, along with tokens like FET, NOT, and ZRO, expanding its trading pairs and further integrating into the crypto market.
In 2024, Binance saw significant gains in the prices of many memecoins listed on its platform, particularly following their debut on the exchange.
This week started off on a very bullish note with the whwole market being in the green and a lot of altcoins reaching new all-time highs (ATH).
Memecoins have been booming this year, especially those that are based on the Solana blockchain.
Ethereum’s recent price surge to around $3,200 has sparked significant activity among major investors, including Tron founder Justin Sun, who recently sold a portion of his holdings.