Floki Inu (FLOKI) gained 50% over 24 hours on April 24.

As of 7:15 p.m. UTC, FLOKI was valued at $0.00004232 (1/236 of a cent), marking a high not seen since February 2022.

The asset has a large supply of tokens despite its low token price. As such, it is now the 105th largest cryptocurrency and reports a market cap of $410 million.

FLOKI’s latest rally coincides with the launch of staking on the project’s testnet, representing a step toward allowing holders to earn rewards.

The asset simultaneously received a listing on Binance.US — the American branch of the popular crypto exchange Binance. Fellow memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) were also listed on Binance.US but saw lesser 24-hour gains of 1.1% and 0.5%.

(by Mike Dalton)