Floki meme coin grew by 33% in a week

Cryptocurrency investor Glauber Contessoto, known as SlumDOGE Millionaire, has drawn attention to the rapid growth of the Floki meme coin (FLOKI). In his post on the X network, he emphasized the 33% rise in FLOKI’s price over the past week, despite the fact that leading cryptocurrencies such as Bitcoin BTC $78,190.21 Mezo Wrapped BTC 0.12% Market capitalization $0.1 billion VOL. 24 hours $0.75 billion and Ethereum ETH $2,320.54 Bridged Ether (StarkGate) 0.44% Market capitalization $41.28 million VOL. 24 hours $0.3 billion remain below important price points.

Contessoto urged his followers to think seriously about Floki’s potential, especially if Ethereum updates its all-time highs. He concluded his post with an optimistic «Buckle up» message accompanied by an image of a rocket. It is noted that Floki is showing better dynamics than other well-known meme coins such as Dogecoin DOGE $0.10 Binance-Peg Dogecoin 1.01% Market capitalization $0.25 billion VOL. 24 hours $83.05 million and Shiba Inu SHIB $0.00000624 Binance-Peg SHIB 1.30% Market capitalization $57.53 million VOL. 24 hours $5.2 million .

According to Benzinga, Floki, a multi-chain token based on Ethereum and the Binance Smart Chain (BSC), has grown by more than 30% over the past week. For comparison, Bitcoin added only 11%, and Ethereum lost more than 7%. Among other meme coins, Dogecoin has dropped by 1.65% over the past 30 days, while Shiba Inu has managed to add only 1.3%.

Floki’s growth is arousing interest among traders who view the token as a «seriously undervalued» asset with the potential for further growth. At the same time, some experts, including Ark Invest founder Katie Wood, express skepticism about the long-term prospects of meme coins, warning of possible serious drops in value.