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Binance Thailand Lists Floki Inu (FLOKI), Triggering Investor Optimism

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Binance Thailand Lists Floki Inu (FLOKI), Triggering Investor Optimism

  • The FLOKI price surged by over 7% post the announcement and reached $0.000205.
  • Floki DAO, has proposed burning 15B tokens to permanently remove them from circulation.

Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. 

The FLOKI price surged by over 7% post the announcement and reached $0.000205. However, at the time of writing, it lost most of the gains and is currently trading at $0.0001869, up 0.54% in the last 24 hours as per data from CMC.

Substantial Exposure

In terms of crypto acceptance, the Asian nation is still in the vanguard. Twelve percent of its estimated ten million residents use cryptocurrency in their day-to-day dealings. The fact that Thailand achieved tenth place on Chainalysis‘ “2023 Global Cryptocurrency Adoption Index” shows how widely used digital assets are in the country.

One of the nations with the greatest shares of cryptocurrency ownership among internet users globally is Thailand, according to the Global 2022 Digital Overview Report. Binance Thailand functions as a company regulated by the Thai Ministry of Finance and overseen by the Office of Securities and Exchange Commission as a result of the regulatory structure in place in the region.

FLOKI has a chance to be one of the best cryptocurrencies in the crypto market thanks to Binance Thailand listing. No VPN or other encryption tools are necessary for Thai residents to access Floki Inu memecoin.

Binance is still a stringent exchange for non-performing assets, even after it listed FLOKI. Notably, in recent weeks, Binance has redoubled its efforts to remove a number of other digital asset offerings from its platform.

Moreover, Floki Inu’s decentralized autonomous organization, Floki DAO, has proposed burning 15 billion tokens to permanently remove them from circulation. As a result of this news, investors are more bullish on the meme coin’s future value.

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Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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