Floki Inu, a meme-based cryptocurrency inspired by Elon Musk's Shiba Inu pup, has experienced a significant price pump, up 40% in the past 24 hours and is the second-best performing crypto-asset during this period after the fast-rising Pepe token. Bitfinex and Binance recently listed the token, leading to a positive market movement for both assets. Binance plans to permit borrowing on both assets and add new margin pairs for FLOKI and PEPE on isolated margin in the next 48 hours. The recent bull-run of PEPE has spurred the hype for meme coins, and Floki Inu appears to be the major beneficiary. The token has gained a substantial following as a community-driven cryptocurrency that is looking to adopt a unique approach to decentralization with low transaction fees and a suite of products. The recent price surge is expected to bring about renewed interest in the token.

(By Olowoporoku Adeniyi)