, a cryptocurrency undertaking that began as a memecoin and has since advanced with its personal ecosystem, has seen its worth bounce practically 23% within the final 24 hours after the launch of its first exchange-traded product (ETP) in Europe.
The brand new providing, referred to as Valour Floki SEK ETP, launched on Oct. 3 on Sweden’s Highlight Inventory Market, making Floki the primary BNB Chain ecosystem token to safe an ETP in addition to BNB itself.
Developed by Valour, a subsidiary of DeFi Applied sciences, the product is designed for each retail and institutional traders who need publicity to the FLOKI token with out holding crypto straight.
Floki, which exists on each the Ethereum and BNB chains, has an ecosystem that features a play-to-earn non-fungible token (NFT) recreation, a DeFi asset locker, an NFT market, and a crypto training platform.
The launch coincides with renewed momentum in BNB Chain tasks. BNB itself surged previous $1,150 this week to a brand new all-time excessive, earlier than seeing a correction to simply under that stage.