With Memecoin's TVL surpassing $400 million, FLOKI grows by more than 300%: why Shiba Inu, PEPE, DOGE GAINS ARE FAR FROM OVER

With the Crypto Assets market booming again, meme coins such as Shiba Inu, PEPE, and DOGE have become the focus of investors' attention. In the last 7 days, PEPE has risen by a whopping 371%, Dogwifhat (WIF) by 351%, FLOKI by 331%, BONK by 182%, and Shiba Inu (SHIB) by 177%, a phenomenon that has attracted attention. The gaze of fanatics and skeptics alike.
The value of Floki Inu (FLOKI) has experienced a significant increase, soaring by more than 50% in the last 24 hours alone. The price spike comes on the heels of a community-backed proposal to burn 2% of the Token supply. The proposal to burn Tokens received overwhelming support from the community, with nearly 90% of votes in favor of the initiative. Top voters stook a staggering 117 billion Tokens, demonstrating their belief in the long-term security and stability of the Floki project.
The destruction campaign is scheduled to take place after 7 days and aims to ensure the sustainability of the project by maximizing the drop risks associated with Token mining and dumping.
Surveys have revealed a spike in social media mentions of Floki Inu in recent days, indicating the meme coin's continued popularity among the Crypto Assets community.
In addition, the rise in weighted sentiment suggests that at the time of writing, positive perceptions of the Token predominate. The growing popularity and optimism on social media drew attention to Floki Inu and contributed to its rapid rise in value.
At the same time, Floki made a noteworthy achievement. The total locked-in value (TVL) of its ecosystem goods has exceeded $400 million. This achievement comes after the Crypto Assets hit an all-time high of $366 million, indicating its rapid rise and investor appeal. As the Crypto Assets market continues to evolve, all eyes are on Floki Inu and its future trajectory. Market participants eagerly await the outcome of the Token Burn event and keep a close eye on the impact of social media trends and warning indicators on Token prices.
Andrew Kang delves into the dynamics driving this unprecedented meme coin frenzy. Kang shared his expert analysis of X, shedding light on the fundamental appeal of meme coins: "When BTC hasn't even broken through the ATH yet, people are really predicting that meme coin season is coming. The meme coin is a bombardment point for speculative liquidity around the world. ”
He emphasized that the accessibility of meme coins is a key factor in their explosive growth, making them more accessible globally than any traditional stock. This accessibility, combined with widespread speculative interest, has led to DOGE significantly outperforming phenomena such as the GameStop stock frenzy.
"The total Market Cap of the meme coin in the last cycle was $100 billion, and we usually get multiples of the Market Cap high in each cycle," he noted. "This shows that the current market conditions are ripe to surpass previous records.
He likens the meme coin ecosystem to a "skills-based global lottery platform" where success depends partly on skill, partly from community effort, and partly from virality. "During this cycle, our meme coin will reach a level of severe mental retardation [...] Long people they buy the same lottery tickets, the more likely they and their friends are to win – which is the best feeling – to win together," Kang explained. The public nature of meme coin trading, coupled with the stimulus of speculation, highlights the unique appeal of meme coins as a financial instrument and social phenomenon.
A strong advocate of strategic investment in meme coins, Kang drew an analogy to tradfi investors' Bitcoin investments, showing that small, measured allocations to meme coins can yield disproportionate returns. "Advocate for a 1-5% portfolio allocation for meme coins, just as baby boomers advocate for a 1-5% allocation for BTC portfolios," he said, emphasizing the combination of high risk and high return that meme coins represent.
KANG HIGHLIGHTED DOGE'S UNIQUE POSITION IN THE MEME COIN SPACE, POINTING TO ITS POTENTIAL FOR REAL-WORLD APPLICATIONS AND CELEBRITY RECOGNITION AS KEY FACTORS IN ITS DOMINANCE. "DOGE is the king of memecoins [...] Elon is a man of the people, and I suspect he will be silent about Doge/X payments for much longer. [...] Sam Altman owns 1% floating WLD and Elon owns DOGE. It is clear that AGI will choose a more decentralized currency," he said.
(Source: Jake Simmons, Christian Encila)