Now That Summer Is Almost Over, This Coin Named After Elon Musk's Dog Tops Meme Coin Gains Chart

Floki FLOKI/USD is up 96% since the year began, outperforming top meme coins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD and Pepe Coin PEPE/USD, which are nowhere close to Floki.

What Happened: Pepe was up 0.01% while Doge and SHIB were down 0.48% and 0.75% since the year 2023 began.

Floki boasts of being an active gaming ecosystem. To further advance the utility of Floki Inu the project has been integrated into LaborX, one of the leading platforms for crypto and Web 3 jobs. 

As part of the integration, over 120,000 users on LaborX can now pay and receive the Floki Inu coin on jobs completed on the platform

A significant aspect of Floki's ecosystem is the metaverse game known as Valhalla. This game offers players the opportunity to explore a crypto-powered universe.

In addition, Floki has developed a DeFi platform called FlokiFi, which allows users to lock their LP tokens into non-fungible tokens (NFTs). Additionally, the University of Floki, a crypto educational platform, is dedicated to providing knowledge and support to newcomers in the crypto space.

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Why It Matters: Floki has chosen to embrace fellow meme coins like DOGE and SHIB, seeing them as catalysts for its own success and as integral components of the meme coin movement.

"We absolutely love Dogecoin and Shiba Inu. Without them, Floki wouldn't be where it is today," said a Floki Core Contributor, who goes by the handle B on X, during an exclusive conversation with Benzinga, adding, "..there is “no rivalry between Floki and any other meme coins.”

The inception of Floki can be traced back to an event involving Elon Musk, the CEO of Tesla and owner of Twitter. It all began when Musk tweeted that he would name his pet Shiba Inu as "Floki."

Price Action: At the time of writing, FLOKI was trading at $0.00001551, up 0.16% in the last 24 hours, according to Benzinga Pro.

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