• Floki Inu warns about unauthorized tokens on Solana and Base blockchains.
• FLOKI achieves over 417,400 holders on BNB Chain and launches rewards program.

Popular memecoin project Floki Inu has alerted its members and the larger cryptocurrency community to continuing frauds involving illegal tokens on the Solana and Base blockchains that are erroneously linked to its brand. This warning emphasizes the need to exercise caution in the cryptocurrency industry.

Official Alert of Floki Inu

On social media, RealFlokiInu, the official Twitter account of Floki Inu, warned fans about these bogus tokens and emphasized that the real FLOKI token is only accessible on the Ethereum (ETH) and Binance Smart Chain (BNB) networks.

To prevent becoming victims of frauds, the initiative emphasized that users should always confirm token information with official sources

Floki Inu gave its tokens’ correct contract addresses in an attempt to safeguard investors. This step is part of the project’s larger plan to reduce the number of fraudulent initiatives that take advantage of its name to mislead gullible investors. The correct contract addresses are:

• ETH: 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
• BNB: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e

Strengthening Security Measures

Floki Inu is dedicated to protecting its community, as seen by these proactive actions. Notwithstanding the security risks these scams present, the project keeps developing its ecosystem and starting important projects to improve its usefulness and functionality.

Recently launched on the BNB Chain mainnet, the FLOKI Name Service is one such effort. Using the.floki extension, this service allows users to register decentralized domain names, which expands the useful applications of the Floki Inu coin inside its growing ecosystem.

Together with these advancements, Floki Inu has reached a noteworthy milestone by having over 417,400 BNB Chain holders. The rewards program FLOKI introduced to recognize this achievement and allow holders to receive a portion of interest incentives shows how dedicated it is to rewarding its community.

Current Market Data

CoinMarketCap data show that the price of FLOKI at the moment of writing is about $0,0001615, down 4.00% over the previous day. At a drop of 6.03% during the previous seven days, this decline also suggests a bearish trend.

Notwithstanding, as per a prior CNF report, crypto expert Cryptorphic believes there is still hope for a price recovery after this latest drop.