Floki (FLOKI) Eyes Bullish Breakout Post-Coinbase Listing

Floki (FLOKI) has been gaining attention and looks ready for a breakout. After a 150% surge in daily trading volume, Floki is poised for new highs. The coin's market cap now stands at $2.5 billion, with more momentum on the way. A major factor in this rise is a new listing on Coinbase, which could unlock even greater potential.

Floki Gains Traction

Floki has been gaining popularity, partly thanks to Elon Musk's posts on X. In the last 24 hours, Floki's price rose by over 4%, hitting $0.00025. Out of the top 20 meme coins, only Floki saw positive growth. 

Floki has gained significant traction thanks to its key projects. The FlokiFi Locker, for example, helps new crypto tokens secure liquidity. As a result, Floki’s liquidity reached $25 million, with its total value locked up growing to $44 million. 

Coinbase Listing Brings New Opportunities

Coinbase added Floki support for the Ethereum network on November 21. This listing is a huge step forward for the meme coin, bringing it to a broader audience. Coinbase users in supported regions can now trade Floki, which could increase market exposure.

In addition, Coinbase plans to introduce a Floki-USD trading pair, but only if liquidity requirements are met. This move could bring even more attention from retail investors. Other exchanges like Robinhood may soon follow suit if the coin continues to gain popularity.

Floki has burned nearly 59% of its total supply, which will likely increase demand and scarcity. The coin’s growing popularity and reduced supply may help drive its price higher.