Coin in desk Coin in desk
  • Cryptocurrency
    • Altcoin News
    • Ethereum News
    • Ai Crypto
    • Crypto News
    • Bitcoin News
  • Blockchain News
    • Technology
    • NFT
    • DeFi
  • Finance
  • Web3
    • Web3 Gaming
  • Sponsored
    • Press Release
Font ResizerAa
Search
  • Cryptocurrency
    • Altcoin News
    • Ethereum News
    • Ai Crypto
    • Crypto News
    • Bitcoin News
  • Blockchain News
    • Technology
    • NFT
    • DeFi
  • Finance
  • Web3
    • Web3 Gaming
  • Sponsored
    • Press Release
Follow US
Altcoin News

The Possible FLOKI ETP Launch Timeline for Dogecoin

Last updated: December 27, 2024 3:44 pm
FLOKI ETP Launch Timeline

On Friday, FLOKI, the popular joke cryptocurrency with a dog theme, stole the show from competing tokens, marking a major milestone in becoming an ETP. In particular, the Crypto team strongly supported the Crypto team strongly supported a critical idea to enable liquidity creation that supports the ETP launch. The Crypto team has also announced an ETP launch by next year in response to the proposal’s success in the community’s vote. This launch continues the market hype that began with the Dogecoin ETP launch earlier this year.

Contents
Floki ETP Launch Approved for Q1 2025FLOKI Rises 5% as ETP Announcement Fuels OptimismFinal Thoughts

Floki ETP Launch Approved for Q1 2025

As of December 27, the Crypto community has voted amazingly in favour of a proposition that supports an ETP launch, according to an official Floki community X post. There was no dissenting vote on the proposal to distribute tokens to create a Floki ETP, indicating the idea has tremendous popularity.

Importantly, if this plan is approved, some of the 16,310,285,772.6 tokens in a “community buyback wallet” will be burnt, and some will fund the ETP. As a result, market analysts are hopeful about a launch soon, and the community is showing significant support for getting the job done.

Consequently, the Crypto community disclosed the intriguing news that the ETP will launch in the first quarter of 2025. An asset manager and an ETP issuer supporting the leading dog-themed meme cryptocurrency collaborated on the construction.

Not only that, but Dogecoin’s exchange-traded product (ETP) launched in November of this year, making it the second major meme coin to achieve this accomplishment. On the other hand, market analysts are still bullish about the meme token’s potential for future price fluctuations since the ETP launch can significantly boost the asset’s visibility in the market.

FLOKI Rises 5% as ETP Announcement Fuels Optimism

Today, the price of FLOKI surged 5% to hit $0.0001797, reflecting the enormous optimism accompanying the ETP announcement. Its 24-hour low was $0.00017 and its 24-hour high was $0.0001816. Intraday trading volume increased by 58% to $349.94 million, indicating that even traders were positively affected by the ETP announcement.

The coinglass data further added to the market’s confidence in the cryptocurrency. With a 10% increase, the meme coin’s futures OI reached $19.53 million. Derivatives volume also jumped 74% to $52.49M. Derivative statistics showed that the asset was very popular with investors. Given the data and trends described above, market experts are still optimistic about the asset’s future performance.

Furthermore, CoinGape recently disclosed that a prominent Crypto analyst has singled out FLOKI for possible breakout and $0.00080 price targets. Regardless of the overall volatility in the market, the bullish anticipation surrounding the dog-themed meme cryptocurrency has managed to attract even more attention.

Final Thoughts

The FLOKI ETP’s certification is a watershed event for the cryptocurrency, demonstrating the overwhelming support from the community and the increased interest from the market. Like Dogecoin’s ETP earlier this year, FLOKI’s expected launch in Q1 2025 can potentially increase its profile and credibility greatly. The recent 5% price spike and increasing trading volumes show that investors feel optimistic, supported by data from derivatives and bullish predictions from analysts.

The ETP launch can potentially revolutionize FLOKI’s market presence, drawing in institutional and individual investors. Market instability is nothing new for this cryptocurrency with a canine motif, but the community’s unwavering backing and encouraging patterns point to great things ahead.

FAQs

What is the significance of FLOKI's ETP launch?

FLOKI's ETP launch in Q1 2025 will enhance its market visibility and credibility, similar to Dogecoin's ETP earlier this year.

How did the FLOKI community respond to the ETP proposal?

The FLOKI community unanimously supported the proposal, reflecting strong enthusiasm and no dissenting votes.

What will happen to the "community buyback wallet" tokens?

Some tokens will be burned, while others will fund the ETP, boosting market confidence in the cryptocurrency.

How has FLOKI's price reacted to the ETP announcement?

FLOKI's price surged 5%, significantly increasing trading volume and market optimism.

What are analysts predicting for FLOKI's future?

Analysts are bullish, anticipating price targets of $0.00080, supported by rising derivatives and investor interest.

TAGGED:Dogecoin (DOGE)Exchange Traded ProductFLOKI's Path to ETP Community
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Ethereum ETF Inflows Rise, But Why ETH Price Remains Flat
  • Pakistan’s Confusing Crypto Policy: Bitcoin Reserve or Ban?
  • Crypto Price Forecasts Today: Trump, SPX, and HYPE Token Analysis
  • FOMC Minutes May Signal Fed Rate Cuts as Inflation Eases
  • FTX Stablecoin Payout: How $5B Could Impact Crypto Liquidity

You Might Also Like

FTX stablecoin payout
Altcoin News

FTX Stablecoin Payout: How $5B Could Impact Crypto Liquidity

7 Min Read
Bitcoin Solana Quant
Altcoin News

Bitcoin, Solana, and Quant Outlook Amid European Market Shift

8 Min Read
Whale exits XRP and ETH longs
Altcoin News

Whale Exits XRP and ETH Longs on Hyperliquid Amid Bearish

7 Min Read
Pi Network altcoin rally
Altcoin News

Pi Network Fuels Altcoin Rally as Risk-On Sentiment Returns

8 Min Read

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Medium

Coin in Desk is a platform which provides most important news, articles and other content about cryptocurrencies and blockchain today. Leader in cryptocurrency, 

Advertise With Us

E-mail: advertise@coinindesk.com

Quick Links

  • About Us
  • Advertise With Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Trending posts

Ethereum ETF Inflows Rise, But Why ETH Price Remains Flat
May 31, 2025
Pakistan’s Confusing Crypto Policy: Bitcoin Reserve or Ban?
May 31, 2025
Crypto Price Forecasts Today: Trump, SPX, and HYPE Token Analysis
May 29, 2025
Welcome Back!

Sign in to your account

Lost your password?