Floki Inu price surges 70% driven by Robinhood listing, Binance partnership, and celebrity endorsements
Floki Inu, a cryptocurrency named after Elon Musk’s dog, has seen its price surge by over 70% in the past week. The rally has been attributed to a number of factors, including a listing on the Robinhood trading platform, a partnership with the Binance exchange, and a number of celebrity endorsements.
Floki Inu is a meme coin, which means that it has little to no utility and is primarily traded based on speculation. However, meme coins have become increasingly popular in recent months, and Floki Inu has been one of the beneficiaries of this trend.
One of the main factors behind the recent surge in Floki Inu’s price is its listing on the Robinhood trading platform. Robinhood is one of the most popular trading platforms in the United States, and its listing of Floki Inu gave the cryptocurrency a significant boost in exposure.
Another factor behind the rally is Floki Inu’s partnership with the Binance exchange. Binance is one of the largest cryptocurrency exchanges in the world, and its partnership with Floki Inu gives the cryptocurrency access to a large user base.
In addition to the Robinhood listing and the Binance partnership, Floki Inu has also received a number of celebrity endorsements. Elon Musk himself has tweeted about Floki Inu on multiple occasions, and other celebrities such as Snoop Dogg and Gene Simmons have also expressed support for the cryptocurrency.
The combination of the Robinhood listing, the Binance partnership, and the celebrity endorsements has helped to fuel the recent surge in Floki Inu’s price. However, it is important to note that Floki Inu is a highly volatile cryptocurrency, and its price could just as easily crash as it has surged in recent weeks.