On August 5, Robinhood announced the addition of Floki (FLOKI) to its list, but the market reaction was rather muted.
Announcement of Floki Listing
Robinhood US announced the listing of the Floki token, one of the leading meme coins, on August 5.
Market Reaction
Following the announcement, the Floki token only increased by 2%, which surprised some market participants. Many expected a stronger surge, and social media users discussed the event. One user, named Tux, tweeted: "Robinhood listing for [$floki] and it didn't even pump 5%."
Current Floki Metrics
At the time of the announcement, the average price of the token dipped nearly 7% amid a broader cryptocurrency market pullback. Floki also dropped about 36% from its high of $0.000158 reached on July 23. Despite this decline, Floki maintains a market cap of around $1 billion, making it the 107th largest cryptocurrency.
Thus, despite the listing on Robinhood, the current performance of Floki does not reflect the expected growth, highlighting uncertainties in the cryptocurrency market.
