Floki Bags Major Exchange Listing, Here’s All

FLOKI has gone live on Bitstamp, marking a major milestone for the dog-themed memecoin.

Highlight of The Bitstamp Track Record

With the FLOKI listing on Bitstamp, the token’s trading pairs FLOKI/EUR and FLOKI/USD also got a place on the exchange. Floki itemized Bitstamp’s reputation as a globally regulated crypto exchange in an X post. It is one of Europe’s biggest centralized exchanges with 50 licenses and registrations in key jurisdictions worldwide. Financial service provider Robinhood recently acquired Bitstamp for $200 million.

With such a track record, it is important to bag such a listing on the regulated exchange. Likewise, Bitstamp could serve as the catalyst that the dog-themed memecoin needs for its next bullish breakthrough.

“…as it further legitimizes us and solidifies our position as we work towards becoming the world’s most known and most used cryptocurrency,” the protocol wrote on X.

$FLOKI is now live on Bitstamp, the world’s longest-running cryptocurrency exchange!

The following pairs have been listed:

– FLOKI/EUR
– FLOKI/USD

As one of Europe’s biggest centralized exchanges, @Bitstamp is a highly regulated exchange with 50 licenses and registrations in… https://t.co/P18vyFhBHS pic.twitter.com/fzpnBukjp7

— FLOKI (@RealFlokiInu) July 25, 2024

Floki has seen a lot of these listings in recent times. Leading digital asset service provider Binance recently extended support to FLOKI as well as Artificial Superintelligence Alliance (FET), Notcoin (NOT), and LayerZero (ZRO). The exchange expanded its trading pairs to include FET/USDC, FLOKI/USDC, NOT/USDC, and ZRO/USDC.

FLOKI’s Key Metrics in the Negative

Usually when digital currencies get support from crypto exchanges in the form of listing, their key metrics responds to the move. For the memecoin, it is rather a negative response. At the time of this writing, the memecoin traded at $0.0001734, corresponding with a 7.84% decrease in 24 hours. Its market cap is equally down by more than 7% as it amounts to approximately $1.6 billion.

FLOKI’s trading volume is only up by 1.68%. The trading volume of $225 million makes it the 30th crypto with the most traded position in 24 hours. This suggest a decrease in investors’ engagement and demand for the memecoin. Most of these investors and traders are likely losing confidence in the capacity of the token.

Unfortunately, this present market sentiment is a far-cry from the dog-themed memecoin’s position a few days ago. Last week, FLOKI experienced a surge and jumped by 50% from the weekly low of $0.000139 to $0.0002 before facing some resistance.

Several market observers are optimistic that FLOKI price could see some revival, maybe push through to $0.0005.

Read More: AltLayer Price Likely to Experience Volatility with Upcoming $115 Million Token Release