{"id":148624,"date":"2021-12-31T11:07:05","date_gmt":"2021-12-31T11:07:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=148624"},"modified":"2021-12-31T11:07:05","modified_gmt":"2021-12-31T11:07:05","slug":"crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing\/","title":{"rendered":"Crypto Whale Buys 1.2 Billion Floki Inu ($FLOKI) After New Exchange Listing"},"content":{"rendered":"

A cryptocurrency whale has invested around $125,000 in the meme-inspired cryptocurrency Floki Inu ($FLOKI) after popular cryptocurrency exchange Bitrue announced it was listing Floki Inu in a trading pair against Tether\u2019s USDT stablecoin.<\/p>\n

As first reported by u.today, Bitrue\u2019s official Twitter account announced the new listing on December 29, the day FLOKI started trading against USDT on its platform. A day later, Binance Smart chain and Ethereum whale monitor WhaleStats revealed a whale invested $125,000 to buy 1.2 billion $FLOKI.<\/p>\n

Bitrue, according to available data, is a popular cryptocurrency exchange with a trading volume close to $2 billion per day. The Singapore-based trading platform made headlines in 2019 after being hacked for over $4 million in cryptocurrencies, and for launching a cryptocurrency-backed loan platform.<\/p>\n

Data from WhaleStats shows that a 1.2 billion FLOKI stash makes the cryptocurrency whale an influential token holder, although the largest FLOKI wallet currently holds 51 billion tokens, worth over $5.3 million. The second-largest holds $3.1 million worth of Floki Inu.<\/p>\n

Floki Inu is a well-known meme-inspired cryptocurrency that has launched \u201caggressive\u201d ad campaigns. As CryptoGlobe reported, the team behind it has launched ads in Israel featured on \u201c\u00a0\u201c8 premium walls\u201d as well as \u201c180 billboards & signs\u201d in Israel\u2019s \u201c20 most important cities.\u201d These ads were planned to be seen \u201cover 47.6 million times.\u201d<\/p>\n

Floki Inu launched earlier a \u00a0campaign on London\u2019s public transport system\u00a0with the slogan \u201cMissed Doge? Get Floki\u201d in a bid to \u201clegitimize\u201d the cryptocurrency and increase the \u201cconfidence of the average consumer\u201d to buy it, according to the project\u2019s head of marketing, which went by Sabre.<\/p>\n

The price of the cryptocurrency exploded upward after the campaign went viral. At the time, it was revealed the campaign was going to be joined by others promoting the cryptocurrency in Los Angeles, Japan, China, and Russia.<\/p>\n

Floki Inu\u2019s advertising budget comes from a 4% fee imposed on new buyers. The tokens are used for \u201conboarding influencers\u201d and to \u201cfurther develop and grow the Floki ecosystem.\u201d\u00a0<\/p>\n

DISCLAIMER<\/strong><\/p>\n

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n

IMAGE CREDIT<\/strong><\/p>\n

Featured image via\u00a0<\/em>Pi<\/em>x<\/em>abay<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A cryptocurrency whale has invested around $125,000<\/p>\n","protected":false},"author":3,"featured_media":148623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nCrypto Whale Buys 1.2 Billion Floki Inu ($FLOKI) After New Exchange Listing - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Whale Buys 1.2 Billion Floki Inu ($FLOKI) After New Exchange Listing - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"A cryptocurrency whale has invested around $125,000\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-31T11:07:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/12\/Crypto-Whale-Buys-1.2-Billion-Floki-Inu-FLOKI-After-New-Exchange-Listing.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/crypto-whale-buys-1-2-billion-floki-inu-floki-after-new-exchange-listing\/\",\"name\":\"Crypto Whale Buys 1.2 Billion Floki Inu ($FLOKI) After New Exchange Listing - 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