dailyhodl.com
A Shiba Inu (SHIB) and Dogecoin (DOGE) rival is bouncing after earning new support from a popular Korea-based crypto exchange.
Floki Inu ($FLOKI), which recently broke into the top 100 crypto assets by market cap, jumped from a 24-hour low of $.00004089 to a high of $.00004701 as news of listing spread – representing a 15% increase.
The bounce, which has since retraced to a 4.4% increase, came as $FLOKI perpetual trading went live on DigiFinex.
“$FLOKI perpetuals is live on DigiFinex!
You can now trade $FLOKI with up to 100x leverage on the DigiFinex exchange!
DigiFinex has also listed a $FLOKI/USDC pair to make Floki more accessible to users of their exchange!”
$FLOKI, which was inspired by tech mogul Elon Musk’s puppy, is down 12.5% in the last week, up 5% in the last two weeks, and up 36% in the last 30 days.
The meme coin has currently outrun the rest of the crypto markets by a massive margin since the opening of 2023, currently up 520% since January 1st, even after a dip from local highs.
According to Binance’s Trending Altcoin list, Floki Inu was one of the fastest-rising coins last month.
Last month, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu perpetual contracts with up to 12.5x leverage.
Also in February, the team behind $FLOKI announced that it is teaming up with the Venus Project, the second-largest decentralized finance (DeFi) ecosystem on the BNB Chain. The collaboration will allow $FLOKI holders to use their coins as collateral to borrow other crypto assets.