The meme coin Floki ETP proposal was overwhelmingly approved by Floki DAO! It will be listed on the Swiss Stock Exchange SIX in the first quarter of 2025.

Floki DAO unanimously agreed on 1/2 to allocate a portion of community funds as liquidity for the meme coin Floki ETP. It is expected to become the second meme coin to launch a registered ETP after the shitcoin Dogecoin.

Floki DAO resolution passed

The decentralized autonomous organization Floki DAO, responsible for managing the meme coin Floki, previously proposed to use the token FLOKI with a market value of approximately 28 million US dollars and a circulation of 16.3 billion as liquidity funds for ETP. On January 2nd, the Floki Liquidity fund proposal was overwhelmingly approved with a support rate of 99%. It is expected that in the first quarter of 2025, Floki ETP will be listed on SIX, the third largest securities exchange in Europe and the largest in Switzerland, and enter the mainstream financial market.

In 2024, the meme coin exploded, with an investment return rate as high as 2,185%

According to a report by CoinGecko, meme coins will be the second-best performing category of crypto assets in 2024, with an average annual return of 2,185%, second only to AI cryptocurrencies with a return rate of 2,939%.

Not only that, the Google keyword search data in October 2024 shows that the search popularity of Dogecoin once surpassed Bitcoin. The search index for Dogecoin is 77, while Bitcoin is only 33, indicating a soaring interest in Dogecoin in the market.

In addition, the meme coin issuance platform Pump.fun has become the first Solana application to generate monthly revenue exceeding $100 million in 2024, and it helped drive Solana’s decentralized application revenue to reach $365 million in November 2024.

(Solana DApp’s monthly revenue in November soared to 365 million pounds! The meme coin platform Pump.fun contributed 109 million pounds in a single month)

The polarisation of the meme coin market has drawn criticism from industry insiders

While meme coins are popular in the market, they have also been criticized by many industry insiders for their speculative nature. In November 2024, former CEO of Binance, CZ, tweeted: ‘I’m not against memes, but meme coins nowadays are a bit too strange. We should focus on building truly useful applications using blockchain.’ This statement highlights the polarization of the meme coin market. On one hand, they are seen as an emerging asset class that creates community value and cultural symbols. On the other hand, the speculative nature of meme coins raises concerns among users about market stability and sustainability.

CZ’s opinion on the phenomenon of meme coins was posted on Twitter.

The meme coin Floki ETP proposal from Floki DAO overwhelmingly passed! Listed on the Swiss Stock Exchange SIX in the first quarter of 2025, as first appeared on ChainNews ABMedia.