Floki Jumps 16% After Announcement Of Update On Valhalla Project
Latest News News

Floki Jumps 16% After Announcement Of Update On Valhalla Project

The price of Floki has seen a notable 16% surge in the last 24 hours, overshadowing the performance of some meme cryptocurrencies like Dogecoin and Shiba Inu.

At the time of publishing, FLOKI was trading at $0.000041. DOGE, SHIB were up 4% in the last 24 hours.

Floki Price Chart | Source: Coinstats


This comes as Floki core team member and Head of Operations, B, in an AMA with the Floki community talked about the much-anticipated Valhalla, a play-to-earn NFT metaverse game.

B emphasized the significance of the Valhalla project, stating, “Based on careful analysis of the data, and the fact that we can only do this mainnet launch once — and also due to the fact that the success of its launch could be of existential significance to Floki, we will only launch Valhalla mainnet during perfect market conditions.” 

B also noted that for Floki, Valhalla bears more importance than even a Binance listing.

See Also: Cardano (ADA) Price Is Waxing Strong Above The $0.40 Resistance, Is This ADA Rally?

The Core Contributor added, “While BTC has been incredibly strong lately, it is important not to mistake the current market for a full bull run yet. It is a bull run, don’t get me wrong… but not yet the kind of bull run in which you want to launch your most important product.”

With Bitcoin trading at a 2023 peak of $44,000, B says FLOKI is closely observing developments such as the potential “Bitcoin ETF approval, the upcoming Bitcoin Halving, and possible FED rate cuts.”

On the latest launch of Floki’s offspring TokenFi, B said, “There are a lot of reasons why I believe TokenFi will be the king of real world assets. TokenFi will be the most holistic tokenization platform in the world. Regardless of your crypto experience, you will be able to take the steps required to create your token or tokenize an asset, ensure quality liquidity for it, and make it overall more successful in just a few clicks and a lot faster than with other platforms.”

At the time of writing, TokenFi was trading at $0.0460, up 19% in the last 24 hours.

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.