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China's Growing Interest Fuels Floki Inu Trading Volume Spike

China's Growing Interest Fuels Floki Inu Trading Volume Spike

Floki has been one of the most trending cryptocurrencies in the past few weeks.

Floki Inu (FLOKI), a cryptocurrency inspired by the Shiba Inu dog breed, experienced a notable surge in trading volumes.

On Sunday, May 28th, FLOKI's value experienced a boost of over 10%, accompanied by its highest trading volumes in more than three weeks.

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Trading volumes leaped from the previous week's average of $25 million to over $60 million. This rise coincided with advertisements for the Floki Inu game in several Chinese sports tournaments, sparking speculation that this might draw new traders from China.

Floki Inu developers noticed the rising Chinese interest, as many China-based members joined their social media groups.

As previously reported, Floki Inu had announced its intent to target the Chinese market to grow its user base for the Valhalla game. According to developers, both traditional and simplified Chinese translations of the game's content and technical documents will be available to cater specifically to the Chinese gaming market.

It is worth noting that it is believed that in the coming weeks, the interest from Chinese investors will only grow. On June 1st, Hong Kong will permit the trading of select tokens, including Bitcoin, Ether, and Solana, on regulated crypto exchanges.

Despite China's firm stance on cryptocurrencies, multiple cities are working on boosting the Web3 industry. Recently, Beijing introduced a roadmap for Web3 innovation and growth.

At the time of writing, Floki Inu (FLOKI) retails for $0.0000334, recording a 2.37% increase in the last 24 hours.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



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