Will Floki Inu’s ETP Launch in Europe Boost FLOKI Price?

• Floki Inu plans to launch its first ETP in Europe by early 2025.
• Analysts predict a potential price rally for FLOKI if support levels hold.
• The FLOKI chart shows strong support at $0.00017532, with resistance near $0.00028.

Floki Inu, the seventh-largest meme coin by market cap, is set to launch an exchange-traded product (ETP) in Europe by early 2025. This development has sparked excitement and speculation around the FLOKI token price. At press time, the meme coin is trading at $0.0001758, reflecting a 2.2% drop over the last 24 hours.

Floki Collaborates to Develop a European ETP

Taking a significant step toward institutional adoption, Floki Inu is partnering with an undisclosed asset manager to launch its first ETP in Europe. According to Floki developers, the ETP is expected to be listed on Switzerland’s SIX Swiss Exchange—the largest stock exchange in Switzerland and the third-largest in Europe—by early 2025, pending regulatory approval.

The ETP aims to provide institutional investors, regulated entities, and retail investors with seamless access to FLOKI within a regulated framework. This bridges the gap between the meme coin market and traditional finance.

Floki DAO Votes on Liquidity Allocation

Ahead of the ETP launch, the Floki DAO community is voting on whether to allocate tokens for early liquidity. The proposal suggests using a part of its treasury wallet holding 16 billion FLOKI tokens worth over $2.8 million. 

These tokens, acquired through open-market purchases after a previous community vote, would remain under Floki’s ownership and could be withdrawn if sufficient third-party liquidity emerges. The 48-hour voting period is set to conclude on December 27, 2024, at 11:00 UTC. If approved, these tokens will play a key role in supporting the ETP’s launch.

Will FLOKI Soar in 2025 Following ETP Launch?

The upcoming ETP launch has contributed to optimistic price predictions for the meme coin. Several crypto analysts like Hallie and Crypto Spotter pinpointed key technical indicators and market sentiment that suggested a bullish outlook for FLOKI in the coming months.

FLOKI is currently consolidating within a strong support range, with Hallie identifying the range as $0.00015560 to $0.00018399. This support zone is critical for establishing a base for a potential upward rally. Meanwhile, the target for a bullish move lies between $0.00027000 and $0.00036016.

Regarding market sentiment, both Hallie and Crypto Spotter suggested that FLOKI is currently oversold, making the current price levels attractive. Further, Hallie stated that FLOKI will unlikely revisit its current price within the next six months, indicating a strong belief in a market rebound. 

FLOKI Follows DOGE Moves

Notably, if FLOKI’s ETP proposal succeeds, Floki Inu will join Dogecoin (DOGE) as the only meme coins with institutional-grade investment products in Europe. Further, this will enhance the memecoin ETPs to offer a regulated avenue for investors to gain exposure to volatile cryptocurrencies.

The ETP announcement follows a year of remarkable growth for the broader meme coin market, which now boasts a collective market capitalization of $112 billion. FLOKI itself has gained approximately 393% in 2024, reaching an all-time high in June.