Crypto News

Robinhood Lists FLOKI Meme Coin As Market Cap Surpasses $1B

FLOKI has surpassed the one billion market cap milestone amid crypto exchange's Robinhood listing of the meme coin.
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Robinhood Lists FLOKI Meme Coin As Market Cap Surpasses $1B

Highlights

  • The FLOKI price is up over 9% in the last 24 hours, surpassing the $1 billion market cap milestone.
  • This comes amid Robinhood's listing of the meme coin.
  • The Floki team applauded the listing, highlighting how it could boost the meme coin's adoption.

FLOKI meme coin is green today, recording almost double-digit gains and surpassing a $1 billion market cap in the process. This has come amid the Robinhood FLOKI listing, which provides a bullish outlook for the meme coin.

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FLOKI Robinhood Listing Sparks Rally Past $1 Billion Market Cap

Data from the Robinhood website shows that the top meme coin is now listed on the crypto exchange. The exchange also confirmed in an X post that FLOKI is now available for trading on its platform.

Notably, the Robinhood FLOKI listing has contributed to the meme coin’s rally past the $1 billion market cap today. TradingView data shows that the FLOKI price has surged as much as 10% today and currently boasts a market cap of around $1.09 billion.

Source: TradingView: FLOKI Daily Chart

FLOKI currently ranks as the eighth largest meme coin by market cap, behind Dogecoin, Shiba Inu, PEPE, PENGU, BONK, TRUMP, and SPX. Meanwhile, it is the 74th largest crypto by market cap.

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Floki Inu Team Comments On Listing

In an X post, the meme coin’s team commented on the Robinhood FLOKI listing. They stated that this marks a huge step forward for the token as it unlocks access to over 25 million users on the “most influential retail trading platform in the world.” Indeed, the listing could boost the meme coin’s adoption and possibly serve as a catalyst for higher prices.

The team further remarked that FLOKI has gone from a meme to a movement. They noted that the top meme coin is now easily accessible to the next wave of everyday investors, now that it is sitting alongside the most recognizable assets in crypto and finance.

Following the Robinhood FLOKI listing, crypto analysts are predicting that the meme coin could record a significant price surge. Analyst Jelle remarked in an X post that there is lots of untapped liquidity above and questioned if it was time for a short squeeze.

Meanwhile, crypto analyst Javon Marks declared that prices have broken out following the Robinhood listing. He added that this listing could act as an additional catalyst for the meme coin to continue with an over 138% upside to the $0.00027 target area.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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