Floki's Offspring TOKEN Leaves Shiba Inu, Dogecoin In The Dust With 10% Surge: What's Going On?

Floki’s Offspring TOKEN Leaves Shiba Inu, Dogecoin In The Dust With 10% Surge: What’s Going On?

1 December 2023

in SHIBA

Reading Time: 3 mins read

December 1, 2023 5:04 AM | 1 min read

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Floki’s (CRYPTO: FLOKI) offspring TokenFi (CRYPTO: TOKEN) climbed 10% in the past 24 hours, outperforming popular meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), which have seen more modest increases of 3.17% and 1.25% respectively.

What Happened: At the time of reporting, TOKEN was trading at $0.029. DOGE and SHIB were up 2 and 3% respectively in the last 24 hours.

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Core contributor to Floki, B Da Viking, said that TokenFi will integrate traditional assets into the blockchain space

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B wrote on X, ” #TokenFi / $TOKEN’s RWA Tokenization Module go live in 2024.”

TokenFi’s project says it wants to revolutionize the crypto landscape by introducing the tokenization of real-world assets.

TOKEN serves as the primary utility token for this forthcoming module, which has its sights set on a mainnet release in 2024.

See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals

Why It Matters: Another development within the Floki ecosystem is the FlokiFi Locker, which hit a Total Value Locked (TVL) all-time high of $107 million on Wednesday.

FlokiFi offers a suite of services for users to secure their liquidity provider (LP) tokens, a variety of fungible tokens, and non-fungible tokens (NFTs). This protocol operates as an integral component of the broader Floki offerings.

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