The meme tokens were back in the buzz again in the crypto world , Almost everyone knows that Musk was one of the biggest promoters of Dogecoin at the beginning of this year. His tweets and frequent statements sent the cryptocurrency on a high.
However, in June this year, the Tesla chief Musk had also announced that he will be getting a pet Shiba Inu dog (the face of Dogecoin) soon, and later announced that it will be named ‘Floki.’
Musk shared an image of Floki in September this year, and it immediately sent the Dogecoin on another level
The biggest gainer, though, has been Floki Inu which is giving massive returns to its investors. Interestingly, the coin didn’t even exist till a few months ago.
A new crypto token based on Musk’s new pet, Floki became the ‘pet’ of global memetoken lovers, as it rallied about 1,500 per cent in just three months since inception.
Interestingly, the digital token has skyrocketed a whopping 3,40,150 per cent in just two months to $0.00006805 on October 8 from $0.00000002 on August 8, that means it turned an investment of $13 into $45K in just two months.
Floki Inu is also the only crypto token project officially partnered with Elon’s brother Kimbal Musk’s ‘Million Gardens Movement’ for working to give power back to the community to choose, grow, prepare and eat healthy food.
Floki Inu is also working on three other projects too, these projects are, an NFT gaming metaverse known as Valhalla, an NFT and merchandise marketplace known as FlokiPlaces, and a content/education platform known as Floki University.
Sharat Chandra, Blockchain & Emerging Tech Evangelist, said – “It’s going to head north in the days and months to come. Team behind Floki is focussed on developing an ecosystem of use cases powered by NFTs, games, decentralized banking and creating new monetization models,
“Over the past six months, the way this meme coin is being viewed has drastically changed as they have become more mainstream,” said Darshan Bathija, Co-Founder and CEO, Vauld.
“If a coin is dependent on a strong external force to influence price movements, it poses a larger concern and investment risk,” he said. “Meme coins have played a huge role in philanthropy.”