Floki Inu (FLOKI) staked TVL crosses $105M, outshines Dogecoin & PepeCoin

Floki Inu revealed it attained all-time highs in staking TVL (total value locked). The over $105 million in stake FLOKI has the project outpacing Dogecoin (DOGE), PepeCoin (PEPE), and Shiba Inu (SHIB) in TVL.

With 25% of the overall supply staked, Floki emerges as the only top meme token with the highest portion of staked coins. FLOKI investors have locked $105,313,899 million worth of tokens (2.5 trillion FLOKI coins) for not less than 4 years.

According to DeFiLlama stats, Dogecoin has its staking TVL at $3.78 million, whereas PepeCoin and Shiba’s Shibarium have their staked total value locked above $9.4 million and $1.1 million, respectively.

FLOKI price outlook

Floki Inu saw remarkable price actions over the past day, gaining more than 20% on its daily chart to trade at $0.0000432. Its 24-hour trading volume skyrocketed 512% to $151,002,087, putting the alt on the verge of a breakout.

Floki Inu remains poised for long-term growth. Unlike most meme cryptocurrencies that lack intrinsic value, FLOKI centers its network around top utility projects, prioritizing NFT marketplaces, educational platforms, and metaverse games.

Analysts forecast robust growth for these sectors. That will see FLOKI flourishing with bullish moves in 2024 and beyond.

The post Floki Inu (FLOKI) staked TVL crosses $105M, outshines Dogecoin & PepeCoin appeared first on Invezz