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Floki Inu price is selling off despite launching a new Floki trading bot. Investors are doubling down on PEPU in the ongoing presale.
When Bitcoin and Ethereum prices rise, fringe tokens, including meme coins, are expected to benefit. Right now, there is movement after their total market cap fell to as low as $43 billion early this week.
According to CoinMarketCap, it is now at $48 billion, up +3%. Meanwhile, the average trading volume in the past day is up +27% to over 4.4 billion.
Even though Floki has not been among the top performers in the past day and week, bulls have reversed losses. The token remains the fifth most valuable meme coin, trailing WIF and PEPE.
WIF and PEPE were up roughly 12% in the previous trading week, though they have remained mostly stable in the past 24 hours. During this time, FLOKI pared losses, adding approximately 1%.
Still, analysts are banking on FLOKI to rally in the coming days. This week, the platform announced the release of its highly anticipated multi-chain trading bot in open beta after months of testing.
According to Floki, the bot could revolutionize DeFi, enhancing the trading experience for users. However, the question remains: What does this bot bring to the table now that the market is crowded?
Floki said the bot is designed with users in mind.
FLOKI TRADING BOT CLOSED BETA UPDATE
The Floki Trading Bot Closed Beta test period has officially ended.
The Closed Beta test period lasted three weeks, from May 27 to June 14, 2024.
We will release more information about the trading bot as we approach the release of the… https://t.co/xj8YO0Evzk pic.twitter.com/EJpxW4wpoo
— FLOKI (@RealFlokiInu) June 16, 2024
Accordingly, it will operate via Telegram, allowing users to execute trades with just a few taps.
At the same time, it will easily integrate with multiple platforms, including Ethereum, Base, and the BNB Chain.
The bot will charge a 1% fee on each trade, and half of the fee collected will be used to buy back and burn FLOKI, making the meme coin even deflationary.
Still, even with the bot launched, FLOKI didn’t move and is down 50% from June highs. This means that users are not excited and are searching for options. You can learn more about Floki in our dedicated Floki Inu Review.
Pepe Unchained Rising: Here’s Why PEPU Will Outperform FLOKI
Amid this, Pepe Unchained is emerging as a better alternative for Floki Inu.
And it’s easy to see why PEPU is making waves in the meme coin market.
Pepe Unchained will launch its layer-2 platform on Ethereum. The goal is to scale the main net, allowing meme coin traders and projects to transact cheaply, faster, and securely.
As an Ethereum layer-2, it will also be interoperable with Ethereum, meaning transfers will be seamless, secure, and transparent, thanks to a dedicated explorer.
For what Pepe Unchained plans to release, it is clear why the ongoing PEPU presale is on fire.
Over $1.1 million has been raised, with each PEPU changing hands for just $0.0080964.
PEPU holders can also choose to stake, receiving a 1650% APY. More than 97 million PEPU have been staked so far.
Popular YouTuber ClayBro, along with other analysts, are bullish on PEPU and are convinced that the meme coin will easily 100X on launch.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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