Loki Token’s Price Surges 5% Following the Deposit of 15.8 Billion Tokens on Binance

Crypto News- In a recent turn of events, Floki’s official multi-signature address (0x17e) made a substantial move by depositing a staggering 15.8 billion FLOKI tokens into the Binance platform. What adds intrigue to this maneuver is the subsequent transfer of these funds to a freshly minted address (0xbD…c630), all executed with precision at 16:22. This sequence of actions marks a pivotal moment in Floki’s recent activities.

Loki Token’s Price Surges 5% Following the Deposit of 15.8 Billion Tokens on Binance

What captivates even further is the choice of deposit address, 0x10…4e59, a familiar destination that has previously handled transactions involving assets from DWF Labs, such as BLZ, DODO, and ID. This well-trodden address served as the conduit for this significant FLOKI transfer.

The Ripple Effect on Floki’s Valuation

In the wake of this substantial deposit, the FLOKI token experienced a swift and notable 5% surge in its market price. According to the most recent data from CoinMarketCap, the coin presently commands a trading value of approximately $0.00001742.

Adding an intriguing layer to this narrative is Floki Coin’s burgeoning popularity within China. A mere four months ago, this cryptocurrency made an impressive appearance on the screens of China’s state TV station, CCTV-5, during the broadcast of the 2023 World Table Tennis Championships.

Floki was prominently showcased on the billboard as an official partner, complete with a link to its official website. This exposure translated into a remarkable 10% increase in the coin’s overall value. The FLOKI team attributes this surge to the increasing influx of Chinese enthusiasts, foreshadowing promising prospects as Hong Kong and China progressively embrace the realm of cryptocurrency.