Floki Inu price is preparing for a major milestone with the launch of its exchange-traded product (ETP) in Europe.
Scheduled to launch by the first quarter of 2025, this development makes Floki Ina only the second memecoin to secure an ETP listing on a regulated exchange, after Dogecoin.
Floki Inu’s price growth of over 400% highlights the strong support of the community and its ambition to attract institutional investors.
Floki Inu is preparing for the European launch of ETP
The Floki community recently adopted a liquidity proposal to launch an ETP. This is a key step for institutional acceptance of the coin.
The SIX Swiss Exchange, the largest stock exchange in Switzerland and the third largest in Europe, is expected to list the proposed ETP.
Once approved, the listing will offer institutional investors and retail traders simple and efficient ways to access Floki In within a well-defined and properly regulated market.
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Floki Inu’s developers are working with an unnamed property manager to make it happen. ETP is to establish a link between the traditional financial sector and the memecoin market to increase the acceptability of the coin in the regular financial markets.
Also, the members behind the Floki project expect the launch to attract more participation from regulated entities, opening up a new use case for the coin and making it more attractive to investors around the world.
Liquidity distribution and community-led development
For the ETP, the Floki DAO community voted to use 16.3 billion FLOKI tokens, worth $2.8 million from the community treasury.
These tokens will be used to create an early trading market for the ETP. The rest of the ETP tokens will be burned to increase the scarcity and increase the value of the tokens.
The move comes after a previous community poll, where tokens were bought on the open market to improve Floki’s future strategy.
Floki Inu Price analysis, Market sentiment
Floki’s ETP has been announced. This led to the prediction of the price of the token in 2025, and analysts gave more positive signs.
At the time of writing, Floki Inu is trading at $0.00017810 per coin. However, the token has seen some consolidation following some recent price swings.
However, it lags behind the critical SMA which suggests that the medium-term trend is bearish.
The 13-day moving average continued to be below the 49-day moving average as bear pressure continues. Resistance is seen at $0.00018666 and $0.00020075 while support is seen near $0.00015000 and $0.00013500.
At the current RSI level of 40.10, the index is almost in oversold territory. This indicates that there is a possibility of a trend reversal in case of increasing buying pressure.
Current market activity is lower than in previous peaks. Although the recent increase in trading volume may suggest long-term investor interest.
If Floki Inu’s price manages to break above $0.00018666 with a corresponding increase in volume, analysts believe it could reach other successful resistance levels.
On the other hand, if the currency falls below $0.00015000, there may be more selling pressure. The launch of the ETP is expected to increase the interest of Floki Inu among institutional investors.
Regulated entities therefore encourage the integration of the digital asset class with traditional finance. This is further supported by the fact that Floki can now be used for payments outside the chain, such as restaurants and retail, among others.
