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Floki Inu revealed it attained all-time highs in staking TVL (total value locked). The over $105 million in stake FLOKI has the project outpacing Dogecoin (DOGE), PepeCoin (PEPE), and Shiba Inu (SHIB) in TVL.
#FLOKI JUST HIT A STAKING TVL ATH OF $105 MILLION
— FLOKI (@RealFlokiInu) February 26, 2024
That's 25% of the total $FLOKI supply, worth $105,313,899, locked and staked for up to 4 years.
This makes Floki the ONLY major "memecoin" (from $DOGE, $SHIB, $BONK, $PEPE, and FLOKI) with such a huge portion of its supply… pic.twitter.com/p7xhvcJG3x
With 25% of the overall supply staked, Floki emerges as the only top meme token with the highest portion of staked coins. FLOKI investors have locked $105,313,899 million worth of tokens (2.5 trillion FLOKI coins) for not less than 4 years.
According to DeFiLlama stats, Dogecoin has its staking TVL at $3.78 million, whereas PepeCoin and Shiba’s Shibarium have their staked total value locked above $9.4 million and $1.1 million, respectively.
FLOKI price outlook
Floki Inu saw remarkable price actions over the past day, gaining more than 20% on its daily chart to trade at $0.0000432. Its 24-hour trading volume skyrocketed 512% to $151,002,087, putting the alt on the verge of a breakout.
$FLOKI / $USDT
— 24 Crypto.Info (@24Crypto_Info) February 27, 2024
Price is on the Verge Of breakout🔥
Expecting a good bullish Move in Floki soon.#FLOKI pic.twitter.com/TZZKgq3sh3
Floki Inu remains poised for long-term growth. Unlike most meme cryptocurrencies that lack intrinsic value, FLOKI centers its network around top utility projects, prioritizing NFT marketplaces, educational platforms, and metaverse games.
Analysts forecast robust growth for these sectors. That will see FLOKI flourishing with bullish moves in 2024 and beyond.
The post Floki Inu (FLOKI) staked TVL crosses $105M, outshines Dogecoin & PepeCoin appeared first on Invezz