FLOKI CEO skyrockets 54% following news of listing on the MEXC exchange — the new ATH is coming?

FLOKI CEO, a meme token of the BSC Binance Smart Chain ecosystem, may soon be listed on the MEXC Global exchange. This news caused the price of the asset to rise by 33% to $0.000000000042 and increased interest from investors and the community. The vote to add the token to the platform is expected to take place on April 5, which could lead to an additional boost in its value. More details are below.

Inspired by Elon Musk: What is the FLOKI CEO token?

FLOKI CEO is a community-driven meme token in the BSC ecosystem, which was created after Elon Musk’s tweets. In mid-February 2023, a series of posts appeared on the social network in which the businessman introduced Twitter’s new CEO, who turned out to be his pet, Floki.

The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH

— Elon Musk (@elonmusk) February 15, 2023

In the text of the post, Musk wrote words of admiration for the new director of the social network, who, in his words, is better than ”the other guy,” probably referring to himself or former Twitter CEO Pagar Aggarwal. Such a performance has also delighted members of the crypto industry and, in particular, the community that launched the token of the same name.

Now FLOKI CEO is a decentralized cryptocurrency with instant rewards for holders, who receive 7% of each transaction (3% goes to marketing and tax).

FLOKI CEO features:

• Security. The smart token contract is verified by AnalytixAudit.
• Transparency. Marketing wallet, financial wallet, burning information: all data is available to the community.
• Renounce ownership. The project team gave up ownership of SMC, so nobody can control FLOKI CEO.

FLOKI CEO bull run: why is the value of the token going up?

On April 3, most of the crypto market is in the red, so the current growth of FLOKI CEO is especially remarkable, and there are probably several reasons for that. The first one has to do with the listing of the token on the MEXC Global exchange, which, according to users, could send FLOKI CEO to the moon.

Whether or not to add the token to the platform will be decided by the MEXC Global community. A vote, in which anyone with a native exchange token (MX) will be able to participate, is scheduled for April 5. And if the decision is in favor of adding the token, it will be tradable as early as 10:00 a.m. UTC.

The @FlokiCeoo Kickstarter is coming to @MEXC_Global

Vote with $MX to support the #FLOKICEO listing and share 5,407,409,206,965,240 #FLOKICEO airdrops
Voting period: 02:00 Apr 5 – 07:50 Apr 5 (UTC)
Trading: 10:00 Apr 5 (UTC)

Details: https://t.co/vRFKX1j1yy#MEXC… pic.twitter.com/Gc09CFP3Vv

— MEXC Global (@MEXC_Global) April 2, 2023

The second reason may have to do with FLOKI CEO token burning. As we know, the lower the supply, the higher the demand. FLOKI CEO’s maximum supply, according to CoinMarketCap, is 420 quintillion coins. And they all went into circulation at once. If we believe the official account of the FLOKI CEO, they either burned or will burn 35% of the total number of coins. So, by getting rid of some assets, they can increase the demand and, accordingly, the value of the token.

Burn 35/100 https://t.co/ABW0Fu0NDt pic.twitter.com/saJHeHBJdk

— Floki Ceo #Flokiceo (@FlokiCeoo) April 2, 2023

In addition, according to bscscan, the number of FLOKI CEO holders has exceeded 15K. This suggests that interest in the asset is growing, and the creators of the token probably do not intend to stop. According to them, their goal is much bigger than it is now.

Congratulations #flokiceo for reaching 15,000 holders. Our goal is much bigger than it is now.

And we celebrate this by listing the top major exchange for the #Flokiceo community @elonmusk pic.twitter.com/XZx59kkK3d

— Floki Ceo #Flokiceo (@FlokiCeoo) April 2, 2023

These three reasons, individually or as a whole, could be the reason for the growth of FLOKI CEO. In the nearest plans of the team, if we believe the information on the site, is listing top 10 exchanges. What kind of platforms is not known yet. But one way or another, the addition to exchanges, as a rule, leads to the growth of an asset’s value.

A new ATH is coming? FLOKI CEO’s current price 

If you calculate how much the asset grew considering the minimum and maximum values for a day, it turns out that the growth was 54,76% — from $0.0000000019 to $0.0000000042. However, at the time of writing, FLOKI CEO has fallen to 0.000000000038.

Looking at the chart, which reflects the pricing of the token since the launch, we can say that as part of the current bull run, the asset has practically updated its own ATH all-time high, which came on February 27, 2023. At that time, the asset was trading at $0.000000000049. The difference is not big, so if the FLOKI CEO continues to grow in the same vein, soon we might see a new historical high.

#FLOKICEO on #BSC is another juicy opportunity I’ve been tracking and finally pulled the trigger on… I mean look at that chart!

Top 10 exchange listing dropping next week

~15K holders strong 🫡

+2X to ATH (11M) and wen we break that, we’re going to mars!… https://t.co/k3xQrJ1ryV pic.twitter.com/JnefpWFlzs

— Dōgen (@realdogen) April 2, 2023

However, according to CoinGecko, the minimum value of the asset was $0.000000000005175 on March 22, 2023. Thus, if someone purchased at this price, they now have a profit of 507,41% of the invested amount.

Options for filling out a portfolio: where to buy FLOKI CEO?

To avoid waiting for a listing on MEXC Global, the asset is already traded on the following exchanges:

• CoinTiger;
• BitMart;
• LBank;
• BKEX;
• PancakeSwap.

The cheapest asset is traded on the PancakeSwap exchange in pair with WBNB a wrapped version of the Binance native tokens on the Binance Smart Chain, which is pegged to the value of another asset.  The asset can be bought on the platform for $0.000000000032217.

As for the trading volume, FLOKI CEO was also the most traded on PancakeSwap at the time of writing this article. During the last 24 hours, the figure was $398,034.

FLOKI CEO vs. FLOKI INU

As for the FLOKI CEO, it is worth mentioning another token with a similar name: the FLOKI INU. From the beginning of the year until mid-February, the asset gained more than 150%, as we reported earlier, including describing the product team’s plans to develop the project.

The token is now at #119 in terms of market capitalization ($300,351,422), while its opponent FLOKI CEO is only at #2818 ($14,255,530).

We also mentioned that FLOKI CEO’s holdings have increased to 15K. However, this token also lags behind FLOKI INU, which at the time of writing, according to Etherscan, is held in 71K wallets.

The maximum supply of FLOKI INU is 10T, while FLOKI CEO has 420Q. This figure affects the price. That is, the fewer coins in circulation, the higher the value of the asset tends to be. From there, we see that FLOKI INU trades at $0.0003373, while FLOKI CEO trades at $0.000000000034. The difference is almost one million times.

You have not selected any currency to display

And even though FLOKI INU is in decline, as the asset has fallen almost 6% in the last 24 hours, this is still much higher than the value of FLOKI CEO. So, for now, FLOKI CEO is very much outperforming FLOKI INU in all of the factors described.

However, it is important to note that the cryptocurrency market is very volatile, and token prices can change dramatically in a short period of time. In addition, the success of the FLOKI CEO project and its token depends on many factors, including market competition, team management, and roadmap execution. Therefore, while an increase in the price of a FLOKI token may be an indicator of a project’s success, investors should evaluate its potential based on fundamental data and long-term prospects.