Floki Rockets 23% Following Launch of Europe’s First FLOKI ETP
Floki (FLOKI), initially a memecoin that has since developed its own ecosystem, surged nearly 23% in 24 hours after Europe’s first FLOKI exchange-traded product (ETP) went live.
The Valour Floki SEK ETP launched on Oct. 3 on Sweden’s Spotlight Stock Market, making FLOKI the first BNB Chain ecosystem token, aside from BNB itself, to secure an ETP listing.
Developed by Valour, a subsidiary of DeFi Technologies, the ETP offers both retail and institutional investors exposure to FLOKI without the need to directly hold the cryptocurrency.
Floki operates on both Ethereum and BNB chains, with an expanding ecosystem that includes a play-to-earn NFT game, a DeFi asset locker, an NFT marketplace, and a crypto education platform, illustrating its growth beyond a traditional memecoin.
The launch coincides with renewed interest in BNB Chain projects. BNB itself briefly topped $1,150 this week to reach a new all-time high before a modest pullback, highlighting robust investor sentiment across the network.
