Floki Cryptocurrency Warns Users Against Unverified Information Sources

According to U.Today, the official account of the Floki (FLOKI) meme cryptocurrency has issued a warning to its holders and supporters to be cautious and refrain from using unverified sources of information about FLOKI. The account stressed that all insights, discussions, and updates from the official team that developed FLOKI can only be obtained through their official channels. The tweet also provided a list of Floki’s official social media channels, which include platforms like Instagram, YouTube, Twitch, TikTok, Discord, and Telegram. Currently, Floki ranks 56th on CoinMarketCap and has a market capitalization value of $1,618,949,706. The trading price of Floki at the time of writing was $0.0001694. Floki was launched in 2021, inspired by Elon Musk’s pet Shiba Inu puppy named Floki. The pseudonymous Floki team is currently developing its metaverse game, Valhalla, which is their primary product. The team also operates a marketplace called Floki Places, where NFTs and Floki merchandise are sold, and FlokiFi, a platform for DeFi products. This week, FLOKI, along with DOGE, SHIB, PEPE, and several smaller meme coins, were added to the MarketVector’s Meme Coin Index (trading as MEMECOINS) launched by VanEck. Out of the six popular meme coins this new index tracks, Floki is in fifth place. The demand for meme coins continues to rise, according to a pseudonymous crypto analyst cited by CoinDesk. In April this year, CoinMarketCap added 138 meme coins, compared to only 18 new ones listed in the same month last year. Currently, the data tracking site has 2,229 meme coins listed, with a combined market capitalization of more than $50 billion. This figure is almost equivalent to the market caps of JP Morgan and Tesla. The leading meme coins in terms of market cap are Dogecoin and Shiba Inu.