The inclusion of FLOKI on Robinhood contributed to the surge of the meme cryptocurrency, which surpassed one billion dollars in market capitalization today. TradingView data shows that the price of FLOKI skyrocketed by up to 10% today and currently has a market capitalization of approximately 1.09 billion dollars.
FLOKI currently ranks eighth as the largest meme coin by market capitalization, behind Dogecoin, Shiba Inu, PEPE, PENGU, BONK, TRUMP, and SPX. It also ranks 74th in terms of market capitalization.
Cryptocurrency analysts predict that the meme coin could see a significant increase in its price. Analyst Jelle commented in a post on X that there is a large untapped liquidity and questioned whether it was time for a short position contraction.
Meanwhile, cryptocurrency analyst Javon Marks stated that prices surged following Robinhood's IPO. He added that this IPO could serve as an additional catalyst for the meme coin to continue rising by over 138% to the target of $0.00027.