FLOKI

The meme coin, Floki Inu (FLOKI) showed an outstanding performance and is expected to outshine other <a href="https://coingape.com/meme-coin/">top meme coins</a> like DOGE, SHIB, and PEPE in the bull run. 
On November 4, FLOKI took to X (formerly Twitter) and shared an exciting update regarding the token. Inspired by Shiba Inu (SHIB) and named after Elon Musk’s dog and a Viking character, Floki, it is showing potential growth and is expected to outshine other tokens and coins. 
In a tweet shared by FLOKI, the official X handle mentioned that approximately $54.4 million worth of FLOKI tokens have been locked in the Floki staking program. 
Speaking of the FLOKI Staking Program, launched on October 27, the idea is to reward loyal, diamond-handed FLOKI holders. Staking FLOKI tokens will lead the holders to earn FLOKI’s sister token TokenFi as a reward. 
The program holds significance as the sister token of FLOKI, TokenFi is a tokenization platform targeting the tokenization industry which is projected to be worth $16 trillion by 2030. Interestingly, the update came hours after&nbsp;<a class="editor-rtfLink" href="https://coingape.com/just-in-floki-dao-slashes-tokenfis-transaction-tax-to-0-3/" target="_blank" rel="noopener">Floki DAO Slashed TokenFi’s Transaction Tax</a>&nbsp;to 0.3% from the initial 20%.&nbsp; 
Read Also:&nbsp;<a class="editor-rtfLink" href="https://coingape.com/coinbase-vs-us-sec-top-lawyers-apt-response-sec-nasaa-arguments/" target="_blank" rel="noopener">Coinbase Vs US SEC: Top Lawyer’s Apt Response To SEC And NASA’s Arguments</a> 
<h2 id="span-data-preserver-spaces-true-floki-token-worth-span-span-data-preserver-spaces-true-54-mln-locked-in-staking-program-span">FLOKI Token Worth $54 Mln Locked in Staking Program</h2> 
FLOKI Token has reportedly launched the FLOKI staking program, which has managed to accumulate an astonishing $41.35 million in locked assets within a mere 48 hours. Continuing with the growth of FLOKI Tokens, the remarkable achievement is at $54.4 million worth of $FLOKI tokens till now.&nbsp; 
The emergence of TOKEN followed prominent exchange listings, riding on the popular demand from members of the <a href="https://coingape.com/crypto-communities/">cryptocurrency&nbsp;community.</a> 
The data of the fast-growing multi-chain protocol Floki was shared on their official X handle, which gained a positive response from crypto traders and enthusiasts. Notably, there are 4,60,000 holders of FLOKI, with a massive reach of approximately 3 billion market people. 
Furthermore, Floki Inu offers a three-month Annual Percentage Yield (APY) of 160%, for those locked Token for 4 years. 
<h2 id="span-data-preserver-spaces-true-impact-of-floki-staking-on-price-span">Impact of FLOKI Staking on Price</h2> 
The FLOKI price was up 6.05% and traded at $0.00003176 during writing, while its trading volume over the last 24 hours jumped 21.74% to $45.33 m, with a circulating supply of 9.51 T FLOKI. 
Meanwhile, according to experts, the recent reduction of tax imposed on TokenFi’s Transaction from 20% to 0.3%, can significantly impact the crypto price. In addition, it can potentially attract more investors for the FLOKI Skating Program. 
Read Also:&nbsp;<a class="editor-rtfLink" href="https://coingape.com/ripple-ceo-sec-chair-sharing-stage-sparks-crypto-speculation/" target="_blank" rel="noopener">Ripple CEO &amp; SEC Chair Sharing Stage Sparks Crypto Speculation</a> 
The post <a rel="nofollow" href="https://coingape.com/floki-inu-staking-hits-54-mln-outshining-doge-shib-pepe/">Floki Inu Staking Hits $54 Mln Outshining DOGE, SHIB, &amp; PEPE</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Floki Inu Staking Hits $54 Mln Outshining DOGE, SHIB, & PEPE

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