The FLOKI (FLOKI) cryptocurrency has been making waves in the Indian digital asset market, drawing attention with its recent surge in value and growing investor interest. On 27 May 2024, the price of FLOKI stood at ₹0.0228, reflecting a significant 22.42% increase over the past 24 hours. This notable movement underscores the coin’s volatility and potential as a speculative asset in the fast-evolving crypto landscape.
Current Market Overview
As of 11:58 PM IST on 27 May 2024, FLOKI's trading data reveals strong momentum across key indicators:
- 24-hour Low – High: ₹0.0186 – ₹0.0237
- Price Change (24h): +₹0.0041
- Market Cap (24h): ₹22,171.6 crore
- Market Cap Change (24h): +21.87%
- Trading Volume (24h): ₹7,951.8 crore
These figures highlight robust trading activity and increasing liquidity, suggesting heightened market confidence and broader adoption among retail investors in India.
Supply Metrics
Understanding FLOKI’s supply structure is essential for evaluating its long-term potential:
- Circulating Supply: 969.43 billion FLOKI
- Max Supply: 1 quadrillion (1,000,000,000,000,000) FLOKI
- Total Supply: 1 quadrillion FLOKI
Unlike Bitcoin or Litecoin, which have hard-coded supply caps, FLOKI operates with an extremely large max supply—a common trait among meme-inspired tokens designed for wide distribution and low individual pricing.
The fully diluted market cap (FDMC), calculated by multiplying the current price by the maximum supply, stands at approximately ₹22,870.6 crore. While this figure is theoretical—assuming all tokens are in circulation—it provides context for understanding FLOKI’s scale relative to other cryptocurrencies.
Historical Performance and Trends
While detailed historical price data isn't currently available in this report, the 24-hour surge of over 22% indicates a strong bullish sentiment. Such rapid appreciation often follows key developments such as exchange listings, strategic partnerships, or increased social media engagement—common catalysts in the world of community-driven cryptos like FLOKI.
In previous market cycles, FLOKI has demonstrated sensitivity to macro trends in the crypto space, particularly movements in Bitcoin and Ethereum, as well as viral momentum from platforms like Twitter and Reddit. Indian investors are increasingly leveraging these signals to time their entries and exits.
What Is FLOKI?
FLOKI is a decentralized cryptocurrency inspired by the growing trend of meme-based digital assets. Named after Elon Musk’s Shiba Inu dog, it aligns with a broader category of tokens that emphasize community governance, utility development, and cultural relevance.
Despite its playful origins, the FLOKI ecosystem has evolved to include features such as:
- Decentralized finance (DeFi) applications
- NFT marketplaces
- Educational initiatives under the "FLOKI Academy"
- Metaverse integrations
These expansions aim to transition FLOKI from a speculative token into a project with tangible use cases—though it remains highly volatile and speculative.
Why Is FLOKI Gaining Popularity in India?
India has emerged as one of the largest retail crypto markets globally, with over 15 crore (150 million) users actively investing in digital assets. Several factors contribute to FLOKI’s rising appeal:
- Low Entry Cost: With prices under ₹0.03, investors can purchase large quantities, creating a psychological sense of ownership.
- Social Media Momentum: Viral campaigns and influencer endorsements amplify visibility.
- Growing Crypto Literacy: Younger investors are exploring beyond Bitcoin and Ethereum into altcoins with high growth potential.
- Ease of Access: Local exchanges support INR-based trading pairs, simplifying purchases without needing foreign currency.
However, investors must remain cautious. High volatility means prices can swing dramatically within hours—offering both profit opportunities and significant risk.
Core Keywords
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These terms reflect what Indian users are actively searching for when tracking this asset.
Frequently Asked Questions (FAQs)
Q: What is the current price of FLOKI in India?
A: As of 27 May 2024, the price of FLOKI is ₹0.0228 per token, with a 24-hour increase of 22.42%.
Q: Where can I buy FLOKI with INR?
A: FLOKI can be purchased on several international and India-friendly cryptocurrency exchanges that support INR trading pairs or INR deposits via UPI and bank transfers.
Q: Does FLOKI have a maximum supply limit?
A: Yes, FLOKI has a maximum supply of 1 quadrillion tokens. The circulating supply currently stands at approximately 969.43 billion.
Q: Is FLOKI a good investment in 2025?
A: While past performance doesn't guarantee future results, FLOKI’s ecosystem development may influence long-term value. However, due to its high volatility and speculative nature, it should only form a small part of a diversified portfolio.
Q: How does FLOKI differ from other meme coins?
A: Unlike purely joke-driven tokens, FLOKI has invested in real-world utilities such as DeFi platforms, education tools, and metaverse projects to build sustainable value beyond hype.
Q: Can I convert FLOKI to INR instantly?
A: Yes, most major crypto exchanges allow instant conversion of FLOKI to INR, with funds withdrawable to your bank account within minutes to hours.
Final Thoughts
FLOKI continues to capture the imagination of Indian crypto enthusiasts through its blend of cultural relevance, community energy, and evolving utility. While its price remains highly sensitive to market sentiment, the underlying ecosystem developments suggest ambitions beyond short-term speculation.
For Indian investors, monitoring real-time data, understanding supply dynamics, and staying informed about global crypto trends are crucial for navigating assets like FLOKI responsibly. With proper research and risk management, digital currencies can play a meaningful role in modern investment strategies.
As always, conduct thorough due diligence before investing—and consider using trusted platforms that offer transparency, security, and seamless INR integration for optimal trading experiences.