A powerful Floki price surge sent the token soaring 25% to $0.00011 on Saturday. This rally propelled its market cap back above $1 billion, driven by the launch of Europe’s first FLOKI Exchange-Traded Product (ETP) and a strong rally in the broader BNB Chain ecosystem.
The Catalyst: Europe’s First FLOKI ETP
The primary driver behind the Floki price surge was a major regulatory milestone. On October 3, Valour launched the Floki SEK ETP on European exchanges.
Consequently, this product provides regulated exposure to FLOKI for European investors, simplifying access through traditional brokers. This development mirrors the positive price action seen in other memecoins following similar ETF-related news.
BNB Ecosystem Rally Provides a Tailwind
The Floki price surge coincided with a massive rally for BNB, which hit a new all-time high of $1,190. Historically, a strong “BNB season” creates spillover demand for top ecosystem tokens.
As a result, other BNB-based projects like PancakeSwap (CAKE) also posted significant gains. Therefore, FLOKI benefited from both its specific ETP news and the general bullish sentiment across the BNB Chain.
Trading Data Confirms Floki price surge
The Floki price surge was supported by explosive trading volume, which skyrocketed 425.5% to $517 million. This data confirms that the move was driven by organic buying pressure and not just speculation.
For the rally to be sustained, BNB must continue to hold its ground above the $1,100 support level, providing a stable foundation for ecosystem tokens.