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- FLOKI Inu has secured an additional $12 million investment from DWF Labs while acquiring some tokens from the market and others from the Floki Treasury.
- DOG, leveraging the innovative Runes protocol, saw gains of 27.9%, reaching a market capitalization of $945 million.
Digital assets continue to be bullish after an intraday trading rally, with meme coins like FLOKI and DOG recording significant inflows. Market gains were also seen in top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The overall market cap stands above $2.56 trillion, while meme coins collectively rose above $66.3 billion.
Top meme coins have recorded inflows, with the top ten mostly in the green, except for MAGA. The Trump-themed tokens declined after a period of gains as the U.S. election approached. FLOKI and DOG have led asset gains among the top 10 meme coins by market capitalization.
In the past 24 hours, meme tokens experienced upward trends with inflows to top assets. FLOKI, a popular asset, attracted 12.8% gains, offsetting part of its weekly losses. Over the last seven days, FLOKI saw outflows of 1.7% due to the broader market downturn, though its long-term growth remains positive. Moreover, monthly flows for the asset increased to 43.2%, contributing to an annual increase of 744%.
FLOKI’s surge places it among the leading meme coins, with its market capitalization rising to $2.6 billion and daily trading volumes exceeding $613 million. At press time, FLOKI trades at $0.0002711.
In a significant move, DWF Labs announced a $12 million investment in Floki tokens, signaling strong confidence in its potential. A portion of the tokens will be acquired from the market, with the remainder coming from the Floki treasury. This follows a previous commitment to purchase $10 million worth of FLOKI tokens a few months ago, aiming to further strengthen Floki’s position in the industry as it prepares for a pivotal year.
Dog Meme coin Jumps 20%
DOG, the ninth-largest meme coin by market capitalization, saw gains of 27.9%, outpacing most assets. With a market capitalization of $945 million, the meme coin is trading at $0.0095. Weekly inflows have resulted in a 125% gain for the asset, with a 215% increase this month.
DOG•GO•TO•THE•MOON, commonly known as DOG, emerged as a cryptocurrency on April 24, 2024, leveraging the innovative Runes protocol. Its meteoric rise to fame quickly made DOG the most sought-after token on the Runes platform.
The key driver behind DOG’s rapid ascent was a well-executed airdrop initiative. On its debut day, developers distributed 100 billion DOG tokens to over 75,000 holders of the esteemed Runestone Ordinal NFTs. This strategic move not only propelled DOG’s valuation to new heights but also established it as a cornerstone asset within the Runes ecosystem.
DOG thrives within the framework of the Runes Protocol on the Bitcoin network, facilitating seamless trading across Bitcoin L1, Bitcoin L2s, and various centralized exchanges (CEXs).
