Floki (FLOKI/USD) Rallies 16% in Last 24 Hours Ahead of ETP Launch

Growing hype around the upcoming launch of the Floki ETP is prompting traders to flip bullish.

Floki rallied 16% in the last 24 hours as hype around the upcoming launch of the Floki ETP continues to build.

Floki price is up 39% over the last week.

The cryptocurrency is also now trading above the crucial grey zone on lower time frames.

Floki has cleared its first target and once it breaks through the current resistance “the real fun starts,” crypto trader Jelle said.

“Target 1 got smashed, and $FLOKI is heading straight for target 2.

Break that grey zone too – and the real fun can start.”

Floki is now setting up a high probability move to the 0.0003 region, according to trader Cold Blooded Shiller, who is also keeping an eye out for bullish divergences on higher time-frames.

“This is promising as we are at the lows and fib support with a potential bat diverter forming on lower time-frames.

Of course, we need more effort for a full recovery.”

CRG also confirmed a bullish trend reversal for the meme coin, which has now put in a higher high on the daily chart as it continues to rally to new highs of the year.

Floki is one of the few meme coins to survive multiple cycles, remaining in the top 5000 coins despite the market downturn, according to Unipcs.

“Only 3 memecoins remain from the bull market madness: $SHIB, $DOGE, and of course, Floki.

Recently listed on Binance, Coinbase, Robinhood EU, Bithumb, Revolut, and other major exchanges, it seems like the fun is just beginning.”

Floki is also expected to be listed on the SIX Swiss Exchange, Switzerland's largest and Europe's third-largest, in early 2025.

The Floki team revealed months ago that they've been working with an undisclosed asset manager to launch an ETP, a product that will enable institutional investors to gain exposure to Floki via a vehicle familiar to them.

The development comes as institutions are increasingly showing interest in cryptocurrencies, with several major companies already investing in Bitcoin and other digital assets.

Floki's ETP could be a game-changer for the industry, opening the door for even greater institutional participation in the meme coin market.