tl;dr
Floki team has warned users about scam tokens on Solana and Base networks falsely claiming association with the project. The team clarified that FLOKI is only on Ethereum and Binance Smart Chain, and cautioned against deceptive claims. Despite this, scam tokens on Solana and Base could mislead new i...
Floki's team issues a warning about scam tokens falsely claiming association with the project on Solana and Base networks, reaffirming FLOKI's presence only on Ethereum and BNB Smart Chain. The team cautions against deceptive claims and highlights the risk of misleading new investors. Despite this, Floki has expanded its ecosystem and formed strategic partnerships, positively impacting its price.
There is a proliferation of meme coins imitating Floki on Solana and Base networks, with significantly lower market cap compared to the original FLOKI. The team has alerted users to scam tokens on these networks, explicitly stating that FLOKI is only tradeable on BSC and Ethereum, and cautioning against false claims and attempts to deceive.
Amidst the proliferation of meme coin imitators, most with micro market caps worth only a few thousand dollars, Floki's team warns of the potential risk of these scam tokens misleading new investors. These imitators can easily mislead new investors due to the popularity of Solana and Base networks with high memecoin trading volumes.
Despite limiting itself to BSC and Ethereum, Floki has made significant strides to expand its ecosystem. It released a report for the first half of the year, showing the launch of Floki Name Service and a Trading Bot. Floki also partnered with Web3 investor and market maker DWF Labs, leading to the firm buying $22 million worth of tokens. Another partnership was with the Web3 browser Carbon, which could improve the meme coin’s presence. Additionally, its DAO burned approximately 2% of token supply to drive long-term security and stability.
These developments have positively impacted Floki’s price, with the asset up 359% year-to-date, despite being down about 35% in the last 30 days, according to BeInCrypto data.