Floki Rockets 23% as Valour Launches Europe’s First FLOKI ETP
Floki (FLOKI), originally a memecoin that has since expanded into its own ecosystem, surged nearly 23% in 24 hours following the debut of its first exchange-traded product (ETP) in Europe.
The Valour Floki SEK ETP launched on Oct. 3 on Sweden’s Spotlight Stock Market, making FLOKI the first token from the BNB Chain ecosystem, aside from BNB itself, to secure an ETP listing.
Developed by Valour, a subsidiary of DeFi Technologies, the product allows retail and institutional investors to gain exposure to FLOKI without holding the cryptocurrency directly.
Floki operates on both the Ethereum and BNB chains and features a growing ecosystem that includes a play-to-earn NFT game, a DeFi asset locker, an NFT marketplace, and a crypto education platform, marking its evolution beyond a simple memecoin.
The launch coincides with renewed interest in BNB Chain projects, with BNB itself surpassing $1,150 this week to reach a new all-time high before a minor pullback, signaling strong investor momentum.
