Will Floki Inu’s ETP Launch in Europe Boost FLOKI Price?
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Floki Inu plans to launch its first ETP in Europe by early 2025. Analysts predict a potential price rally for FLOKI if support levels hold. The FLOKI chart shows strong support at $0.00017532, with resistance near $0.00028. Floki Inu, the seventh-largest meme coin by market cap, is set to launch an exchange-traded product (ETP) in Europe by early 2025. This development has sparked excitement and speculation around the FLOKI token price. At press time, the meme coin is trading at $0.0001758, reflecting a 2.2% drop over the last 24 hours. Floki Collaborates to Develop a European ETP Taking a significant step toward institutional adoption, Floki Inu is partnering with an undisclosed asset manager to launch its first ETP in Europe. According to Floki developers, the ETP is expected to be listed on Switzerland’s SIX Swiss Exchange—the largest stock exchange in Switzerland and the third-largest in Europe—by early 2025, pending regulatory approval. The ETP aims to provide institutional investors, regulated entities, and retail investors with seamless access to FLOKI within a regulated framework. This bridges the gap between the meme coin market and traditional finance. Floki DAO Votes on Liquidity Allocation Ahead of the ETP launch, the Floki DAO community is voting on whether to allocate tokens for early liquidity. The proposal suggests using a part of its treasury wallet holding 16 billion FLOKI tokens worth over $2.8 million. These tokens, acquired through open-market purchases after a previous community vote, would remain under Floki’s ownership and could be withdrawn if sufficient third-party liquidity emerges. The 48-hour voting period is set to conclude on December 27, 2024, at 11:00 UTC. If approved, these tokens will play a key role in supporting the ETP’s launch. Will FLOKI Soar in 2025 Following ETP Launch? The upcoming ETP launch has contributed to optimistic price predictions…
Filed under: News - @ December 26, 2024 10:24 am