A cryptocurrency whale has invested around $125,000 in the meme-inspired cryptocurrency floki inu ($floki) after popular cryptocurrency exchange bitrue announced it was listing floki inu in a trading pair against tether’s usdt stablecoin.
as first reported by u.today, bitrue’s official twitter account announced the new listing on december 29, the day floki started trading against usdt on its platform. a day later, BINANCE smart chain and ethereum whale monitor whalestats revealed a whale invested $125,000 to buy 1.2 billion $floki.
Bitstreet, according to available data, is a popular cryptocurrency exchange with a trading volume approaching $2 billion a day. the singapore-based trading platform made headlines in 2019 after being hacked for over $4 million in cryptocurrencies, and for launching a cryptocurrency-backed loan platform.
Whalestats data shows that a 1.2 billion floki stash makes the cryptocurrency whale an influential chip holder, even though the biggest floki portfolio currently holds 51 billion tokens, more than 5.3 million dollars. The second largest has $3.1 million in Floki Inu.
floki Inu is a well-known meme-inspired cryptocurrency that has started "aggressive" advertising campaigns. as cryptoglobe reported, the team behind it has launched ads in israel featured on “ “8 premium walls” as well as “180 billboards & signs” in israel’s “20 most important cities.” These advertisements were to be seen "more than 47.6 million times."
floki inu launched earlier a campaign on london’s public transport system with the slogan “missed doge? Get floki" in an attempt to "legitimize" the cryptocurrency and raise the "average consumer confidence" to buy it, according to the project's marketing manager, who went by sword.
The price of cryptocurrency skyrocketed after the campaign became viral. At the time, it was revealed that the campaign would be joined by others promoting cryptocurrency in Los Angeles, Japan, China and Russia.
Floki Inu's advertising budget comes from a 4% royalty for new buyers. Tokens are used for "influencer integration" and to "develop and develop the Floki ecosystem."