FLOKI Takes the Lead as the Top Meme Coin of 2023
FLOKI is a meme token inspired by Shiba Inu that was created in June 2021. It has a total supply of 100 quadrillion tokens and is deflationary. FLOKI can be traded on decentralized exchanges that support ERC-20 tokens. Its price is heavily influenced by social media and online communities. The FLOKI team is anonymous but consists of developers and marketing professionals. FLOKI does not have any specific use cases beyond trading and speculation, but its strong community support, high potential for growth, deflationary supply, and lighthearted nature make it attractive to some investors. However, the high volatility of the cryptocurrency market, lack of real-world use cases, potential for pump-and-dump schemes, and lack of regulation are all risks that investors should consider before investing in FLOKI or any cryptocurrency.