The staked amount was nearly 21% of FLOKI’s circulating supply.
FLOKI was up 76% over the past month at press time.
Meme coin project Floki [FLOKI] has been hogging the limelight in the crypto market lately.
Floki staking becomes a rage
More than $64 million worth of FLOKI tokens have been deposited on the platform’s staking program which was launched just two weeks ago.
Talking about the achievement in a lengthy post on social platform X, Floki stated that the staked amount was nearly 21% of the crypto’s circulating supply.
The mad rush to stake coins was driven by Floki’s new asset tokenization platform TokenFi [TOKEN].
The sister project was launched to capture a slice of the growing industry which involves representing real-world assets as tokens on a blockchain.
While the token was available on trading platforms, more than half the supply was reserved for those who stake their FLOKI tokens for a minimum duration.
Users can opt for staking periods ranging from a minimum of
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