The meme coin FLOKI is preparing to launch a regulated Exchange-Traded Product (ETP) in Q1 2025, supported by an overwhelming community vote.
ETP Launch Vote
On December 27, the FLOKI community voted to use part of the 16.3 billion FLOKI tokens to provide liquidity for the ETP. The proposal was backed by 99.9% of the voters, amounting to 332.7 billion votes. The ETP will debut on the SIX Swiss Exchange, and the remaining tokens will be burned to reduce the supply.
Current Price and Market Situation
FLOKI has lost 1.94% in the last 24 hours. Starting the day at $0.0001719, it has marked a low of $0.0001730. As of writing, FLOKI is priced at $0.0001768 with a market cap of $1.7 billion. The daily trading volume has decreased by 37.48% to $218 million, according to CoinMarketCap data.
FLOKI Price Prospects
The MACD indicator for the FLOKI/USDT trading pair is slightly above the signal line, indicating a potential bullish shift. The CMF indicator is at -0.14, pointing to stronger selling pressure. In the short-term, the 9-day and 21-day moving averages are at equal levels, suggesting a wait for a breakout signal. The RSI is at 52.61, indicating a neutral condition.
FLOKI is on track for a significant milestone with the ETP launch, but the current market situation remains volatile. Investors should watch price movements and technical indicators closely.
