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Analysis: Why is FLOKI rising sharply, reaching six-month highs?

The memecoin FLOKI has generated significant media attention by positioning itself this week as one of the most profitable cryptocurrencies.

At the time of writing this article, FLOKI is trading at US$ 0,000137, with daily losses of 5%, weekly gains of 42%, and a strong monthly increase of 82.4%. In its most recent peak, it reached US$ 0,000148, its highest level in six months.

What is driving the price of FLOKI up?

The growth of FLOKI is part of a broader recovery trend for memecoins. The cryptocurrency market is approaching US$ 4 trillion in market capitalization, and memecoins, in particular, have grown by 42% in the last 30 days, reaching a total value of over US$ 76.77 billion.

On the other hand, the recent approval in the United States of the GENIUS Act, the first federal regulation focused on cryptocurrencies, has increased confidence among large investors.

However, FLOKI also has its own fundamentals that explain its momentum:

The memecoin gained traction thanks to the launch of its "play-to-earn" game, Valhalla, on the opBNB network. In just two weeks, the game surpassed one million transactions and generated over 125,000 NFTs, demonstrating real utility that goes beyond the typical speculative nature of memecoins. This development strengthens its appeal and may drive sustained demand in the long term.

Additionally, Floki Inu is expanding the reach of its token by attracting participants from both the Web3 and traditional sectors, a strategy that could facilitate the influx of institutional capital.

Another relevant point is that FLOKI reached a milestone in Europe by becoming the first cryptocurrency token with an approved white paper under MiCAR regulations and officially registered with the European Securities and Markets Authority (ESMA). This recognition strengthens its market position and reinforces the perceived legitimacy of the project.