Floki Inu Warns Against Scam Tokens on Solana and Base
Highlights
- Scam alert issued by Floki Inu for unauthorized tokens on Solana and Base.
- New FLOKI Name Service launched on BNB Chain to boost token utility.
- Reward scheme announced by FLOKI, recognizing over 417,400 BNB Chain holders.
Floki Inu, a memecoin project, has alerted its users and the cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand on Solana and Base blockchains.
Floki Inu’s Warning to Investors
The official Twitter handle of Floki Inu, @RealFlokiInu, took to social media to warn its followers about the scam tokens, noting that the original FLOKI token is only available on the Binance Smart Chain (BNB) and Ethereum (ETH) networks.
🚨 Scam Warning 🚨
It has come to our attention that there are scams claiming #Floki has a token on #Base or #Solana.
Please note: $FLOKI is ONLY tradeable on the $BNB and $ETH chains with the following correct contract addresses:
ETH:…
— FLOKI (@RealFlokiInu) June 29, 2024
The cryptocurrency project shared correct contract addresses for its tokens on these platforms, stressing that users should only obtain token information from official sources to avoid being scammed. The correct contract addresses are:
- ETH: 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
- BNB: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e
These measures are indicative of Floki Inu’s preparedness to curb the incidences of scam projects that exploit the brand to dupe investors.
Expanding Utilities and Reward Scheme
Despite these security threats, Floki Inu has been enhancing the functionality and usage of its ecosystem with significant projects such as the FLOKI Name Service. This new service which has been rolled out on the BNB Chain mainnet, enables people to register Decentralized domain names with the .floki extension, enhancing the practical utility of the Floki Inu token within its growing ecosystem.
This service leverages the SPACE ID architecture to ensure interoperability with several DApps, including popular wallets and exchanges like Trust Wallet and PancakeSwap.
Meanwhile, the memecoin project FLOKI has also marked a milestone of having more than 417,400 holders on the BNB Chain. In celebration of this achievement, FLOKI launched a rewards program where holders could claim a percentage of interest rewards. Consequently, this was made known to the community on X, as the project continues to ensure that its loyal supporters are being rewarded.
In addition, FLOKI has grown substantially, including its recent listing on Binance Thailand and reaching over 610,000 followers on X.
FLOKI Price Trend
Floki price, meanwhile, has been bullish in the last 24 hours despite failing to breach the intra-day high of $0.0001709. Bears seized market control due to this pullback from the resistance before support was established at $0.0001626.
At press time, FLOKI was trading at $0.0001638, a 0.18% surge from the intra-day low.
During the rally, FLOKI’s market capitalization surged by 0.18% to $0.0001638, while the 24-hour trading volume fell by 25% to $121,799,971. This decline in the trading volume suggests that traders may be taking profit from the recent bullish rally.
Read Also: FLOKI Celebrates 417,400 Holder Milestone, Plots Mega Move In India
- Tom Lee’s Bitmine Immersion (BMNR) Adds Another $103M ETH to its Ethereum Stash
- Bitcoin Price Flashes Top Signal After Rejection At $125K
- Breaking: Grayscale Solana ETF (GSOL) to Trade with 0.35% Fee
- Roger Ver, ‘Bitcoin Jesus,’ Settles $48M Tax Fraud Case with U.S. DOJ
- Senate Democrats’ New DeFi Regulation Proposal Stalls Crypto Market Structure Talks
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
- Solana (SOL) Price Prediction: Analyst Eyes $1,300 as SOL DAT Company Plans 5% Supply Acquisition
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
