Floki (FLOKI) Jumps to the Top of the Daily Gainers List after Coinbase Announces Support for the Dog-Themed Cryptocurrency

The meme coin soared nearly 16% over the last 24 hours to hit a five-month high.

Floki Inu (CRYPTO: FLOKI) soared nearly 16% over the last 24 hours to hit a five-month high on Thursday after leading cryptocurrency exchange Coinbase announced support for the dog-themed cryptocurrency.

Here's what happened: The meme coin began trading on Coinbase Pro at 9 a.m. EST Thursday, the exchange said in a statement.

"Trading will be available in the following regions: the Americas, Europe, the U.K. and Oceania. Keep an eye on the Coinbase status page for updates on when trading fully ramps up," Coinbase said.

Coinbase users can now start trading FLOKI (FLOKI) on Coinbase Pro.

"Once sufficient supply of this asset is established, trading on our FLOKI-USD trading pair will launch in phases. Support for FLOKI may be restricted in some supported jurisdictions," the exchange added.

Coinbase will add support for FLOKI (FLOKI) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.

What It Means For Floki Hodlers: Floki Inu, named after tech mogul Elon Musk's Shiba Inu dog, has been one of the top-performing cryptocurrencies in 2024, clocking gains of 668% year-to-date.

Coinbase's announcement comes as a major boost to the meme coin, which is now available to a wider audience of cryptocurrency traders. The listing on Coinbase Pro is also likely to increase the visibility and liquidity of Floki Inu.

Floki Inu Price Action: At last check on Thursday, Floki Inu was trading at $0.0002765, surging 16% over the last 24 hours and rising 2.8% over the last seven days.

According to data from Benzinga Pro, the meme coin has a 52-week trading range of $0.00004001 to $0.00488.