Shiba

Value

2024

FLOKI

Shiba Inu

In the last 24 hours, FLOKI price has experienced a 14.40% increase, reaching $0.00028 and currently outperforming its rivals, including Shiba Inu (SHIB), PEPE, and Dogwifhat (WIF) which also have seen gains respectively up to 0.53%, 3.10% and 5.79%. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/tG1WTZuA8YsdeFeMqZhGnZ1Og5DDvTxr0KmgFeZIlKjwUJXMAkdRhqN_kp_xWhFFhzpCbfenW2l4efeWhrUBjJG5bmrS4piPmdG10XO1A0t5hM5Tv3FgivtFogXB-UK_5z6j_4gsNqNduMeVIbADdUU" alt="tG1WTZuA8YsdeFeMqZhGnZ1Og5DDvTxr0KmgFeZIlKjwUJXMAkdRhqN kp xWhFFhzpCbfenW2l4efeWhrUBjJG5bmrS4piPmdG10XO1A0t5hM5Tv3FgivtFogXB UK 5z6j 4gsNqNduMeVIbADdUU">
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 Image Source: <a href="https://coinmarketcap.com/currencies/floki-inu/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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This incredible performance of Floki is a result of many factors which included a massive <a href="https://www.cryptotimes.io/2024/05/23/floki-dao-burns-15-246-billion-tokens-in-community-backed-move/" target="_blank" rel="noreferrer noopener">$15 billion token burn</a> that was done on-chain in the past month. This move has propelled FLOKI to hit a monthly of $0.0003119 on 28th, May 2024, thereby boosting it by about 40.74%.&nbsp; 
Moreover, the token recently acquired several <a href="https://www.cryptotimes.io/2024/05/24/floki-takes-off-listed-on-coinbase-perpetual-futures/" target="_blank" rel="noreferrer noopener">exchange listings</a> thus expanding its reach and increasing its accessibility to more people including <a href="https://www.cryptotimes.io/2024/05/27/floki-unveils-telegram-trading-bot-to-enhance-token-fundamentals/" target="_blank" rel="noreferrer noopener">introducing a trading bot on Telegram</a>. 
Floki’s success can be seen in its recent price performance. However; it has also achieved another significant milestone in terms of Total Value Locked (TVL), becoming the first meme coin to record more than $820 million this year. While Shiba Inu’s DeFi TVL remains just at $2.45 million despite its innovative efforts through Shibarium Network. 
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 FLOKI REACHES ECOSYSTEM TVL OF $820 MILLION — AN ALL TIME HIGH<a href="https://twitter.com/hashtag/Floki?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Floki</a> just hit a total value locked (TVL) all time high of $820 million across two of its key ecosystem products: – Floki Staking: $700.24M+ – FlokiFi Locker: $120.13M+ This impressive TVL record, which is the… <a href="https://t.co/pbclsHZ0ed" target="_blank">pic.twitter.com/pbclsHZ0ed</a>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1795439476451270703?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 28, 2024</a>
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As the meme coin competition becomes intense, Dogecoin (DOGE) still holds its position as the largest meme coin by market capitalization. At the same time, Shiba Inu and PEPE are ranked second and third largest assets respectively. 
However, with a decreasing trading volume and a circulating supply of 96.94% of its max supply, FLOKI currently holds the #44 spot in the market cap ranking according to CoinMarketcap, boasting a substantial $2.71 billion valuation. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/Hw7ojew8rOpBnj0cC7DHyzeBQkR7cxBih5P5OgFFM9uLL48zFxqsiZSjqWyHUPpvFQiuCOkaLL1JF0ETBAK9iRo7-sA4ALK8ugLT4E6u_o1A8T4OGdabWoemPd3oqdIgS2gZoI7CPCrq3DFhgc6ESU4" alt="Hw7ojew8rOpBnj0cC7DHyzeBQkR7cxBih5P5OgFFM9uLL48zFxqsiZSjqWyHUPpvFQiuCOkaLL1JF0ETBAK9iRo7 sA4ALK8ugLT4E6u o1A8T4OGdabWoemPd3oqdIgS2gZoI7CPCrq3DFhgc6ESU4">
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 Top Memes Tokens by Market Capitalization| Image Source: <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
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Floki Soars 15% in 24hrs, Outshining SHIB, PEPE, and WIF

The Crypto Times

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