All about FLOKI’s ETP debut and the memecoin’s 28% price rally

Key Takeaways

What triggered FLOKI’s 28% rally this week?

 The launch of a new ETP managed by Valour sparked institutional interest and retail bullish momentum.

What do the derivatives market data suggest about FLOKI’s current sentiment?

A surge in open interest and a taker buy ratio of 1.05 indicate strong bullish positioning among traders.

Floki [FLOKI], one of the leading memecoins, recorded one of its most notable moves this trading week, posting gains of up to 28%, at press time.

Growing institutional interest drove the rally, as investors gained access to trade FLOKI through newly listed ETPs. This development has encouraged retail traders to open bullish positions on the asset, betting on further upside.

Institutions now in on FLOKI

Traditional investors can now trade FLOKI following the launch of an exchange-traded product (ETP) for the asset.

Institutional investment firm Valour now manages the newly launched exchange-traded product (ETP) under the name Valour Floki (FLOKI) SEK.

This marks a significant milestone for the memecoin, making FLOKI only the second BNB Chain-based asset to secure an ETP listing in Europe. The product is available for trading on the Spotlight Stock Market.

The development is especially noteworthy because FLOKI’s ETP listing has yet to gain traction in the U.S., a market known for its strong appetite for digital asset ETFs.

In fact, Dogecoin [DOGE] remains the only memecoin with an established ETF at the time of publication.

Retail investors, however, remain confident and view this news as a buying catalyst, as reflected in market charts.

Liquidity in derivatives market jumps

Following the announcement, liquidity in FLOKI’s derivatives market surged significantly over the past 24 hours.

Data from CoinGlass shows that Open Interest jumped by 75%, reaching $59.71 million, at press time. This means around $44.78 million worth of new contracts were opened within a day.

Source: CoinGlass

The Taker Buy-Sell Ratio indicates that taker buys—representing bullish trading activity—dominated during this period.

With a ratio of 1.05, more buyers entered the market than sellers, confirming that most of the new liquidity came from the bulls.

Notably, OKX traders have been the most bullish, contributing $75 million to FLOKI’s overall trading volumes, making it the third-largest contributor globally.

Indecision in the market

Despite the surge, there remains some indecision over FLOKI’s next move, with no clear signal of whether a breakout higher or lower will occur.

According to the Liquidation Map, liquidity sits on both sides of the market, with short and long positions showing relatively balanced clusters.

Source: CoinGlass

A decisive move in FLOKI’s price will hinge on whether buyers or sellers gain momentum.

If buyers take control, short positions may be liquidated, fueling further upside. If sellers dominate, long liquidations could rise, driving the price lower.

Currently, short liquidations total $223,560, significantly higher than the $84,620 in long liquidations, indicating that bullish traders have a slight advantage.