- Floki DAO has disclosed that there could be a launch of Floki ETP in the first quarter of 2025 on the SIX Swiss Exchange.
- An analyst has predicted that FLOKI could hit $0.002 by March 2025 as it forms a repetitive structure for the third consecutive cycle.
Floki Dao, the organization that manages the memecoin Floki, has disclosed the possibility of the launch of a Floki Exchange Traded Product (ETP) in the first quarter of 2025 (Q1 2025). According to the announcement, the team has been in constant touch with a reputable Asset Manager and an ETP Issuer for several months now. Currently, the development is reported to be in an advanced stage and would be tradable on the largest stock Exchange in Switzerland, the SIX Swiss Exchange.
Details of the Floki ETP
Analyzing the press release, CNF uncovered that a DAO proposal that requests the provision of liquidity for the ETP has been submitted for approval. According to the team, a series of buybacks was made three years ago, with about 16,310,285,772.6 FLOKI tokens currently held in BNB and ETH addresses. Fascinatingly, a portion of this amount is proposed to be used to provide liquidity while burning the rest on the day the ETP launches.
We are currently unable to disclose specifics about the ETP due to NDAs. However, if this proposal passes, it will be executed in line with the Floki DAO’s mandate, and a future announcement will provide more details about the ETP when it goes live and disclosure is permitted…The FLOKI tokens that will be used to provision liquidity for the ETP will always remain Floki’s property and can be withdrawn in the future if there is enough third-party liquidity in the ETP.
At press time, 152 votes had been cast, with 100% of the voters favoring the motion. Apart from this development, the team has also launched the University of Floki to provide comprehensive educational resources to crypto users to make Web3 and blockchain easily accessible to everyone.
Price Analysis of Floki
According to an analyst identified as Master Kenobi, Floki is on the verge of a massive breakout as it forms a repetitive structure for the third consecutive cycle. Per his observation, the asset could record an 11X surge to hit $0.00080 in a rally that could last for approximately 35 days. Meanwhile, this massive surge is reported to be just two weeks away from starting.
Earlier, Master Kenobi predicted that Floki could hit $0.0023 by March 2025. Before reaching this point, the analyst hinted that the asset could hit $0.0011 by February 10. Siding with Master Kenobi, another analyst called Bonk Guy has predicted that Floki could reach $0.0010 in this cycle. According to him, PEPE would cross the $10 billion market cap within the period.
$PEPE just crossed $10 billion market cap! 🔥️️️️️️ earlier this year when i said $10 BILLION IS THE NEW $1 BILLION FOR MEMECOINS and specifically stated that i believe the four new memecoins in the VanEck index will be trading above $10b at some point this cycle i.e.
-… https://t.co/nOcskyOmil pic.twitter.com/8HtEh6sSAg— Unipcs (aka ‘Bonk Guy’) 🎒 (@theunipcs) December 7, 2024
At the time of writing, Floki was trading at $0.0001706 after declining by 3.4% in the last 24 hours.
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