Some of the Dogecoin DOGE/USD and Shiba Inu SHIB/USD knockoffs are seeing strong gains as of Thursday night even as Dogecoin and Shiba Inu tumbled, with one coin surging more than 100%.
What Happened: Mars Floki Inu is up 116% during the past 24 hours, trading at $0.0000000003279 at press time.
The coin has gained more than 120% each against Bitcoin and Ethereum, but is down almost 60% from its all-time high of $0.00000000082 touched on Dec. 30.
For comparison, Dogecoin is down almost 6% during the past 24 hours, trading at $0.1535 at press time. Shiba Inu, the self-described “Dogecoin killer,” has lost more than 4% over the 24-hour period to $0.0000261.
See Also: How To Buy Dogecoin (DOGE)
Why It Matters: Mars Floki Inu says it was inspired by Tesla Inc. TSLA CEO Elon Musk’s pet Shiba Inu breed dog named Floki and combines the power of meme with real utility as well as charitability.
The token — launched on the Binance Smart Chain (BSC) — announced in December that it would be listed on several exchanges such as HotBit, XT.com and Gate.io this year.
Read Next: Crypto Wallets Now Available On Robinhood: 'Safely Invest And Transfer'
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