Despite a surge in trading volume and negative sentiment, Floki Inu's price has dropped by more than 8% in the last 24 hours. Binance TR, the Turkish arm of Binance, has listed Floki Inu, which could potentially increase its adoption among a larger investor base.

However, the memecoin's metrics are worrying, with a decrease in daily active addresses and network growth. Other memecoins, such as Pepe, have also struggled to increase in price, while Dogecoin has fared comparatively better with only a 1% drop in price in the last 24 hours.