FLOKI "Explodes" After Featuring on Chinese TV
The memecoin FLOKI has experienced impressive growth following its unexpected appearance on a billboard during the World Table Tennis Championships, which was broadcasted on a major Chinese TV channel.
FLOKI "Explodes" After Featuring on Chinese TV
During the World Table Tennis Championships finals, broadcasted on CCTV-5, China's main sports TV channel on the evening of May 28, FLOKI made a splash as a sponsor, with its logo prominently displayed on advertising boards and a link to the project's website.
"$FLOKI just got featured on CCTV-5, the main sports TV channel in China today, just in time for Hong Kong legalizing crypto in a few days' time. This introduced #FLOKI to 100 million+ people in China, as part of Floki's sponsorship of the World Table Tennis Championships Finals." Tweet from @RealFlokiInu — May 28, 2023
$FLOKI just got featured on CCTV-5, the main sports TV channel in China today, just in time for Hong Kong legalizing crypto in a few days' time.
— FLOKI (@RealFlokiInu) May 28, 2023
This introduced #FLOKI to 100 million+ people in China, as part of Floki's sponsorship of the World Table Tennis Championships Finals. https://t.co/fILgpJFWun
Following this announcement, FLOKI's price surged by more than 10%, with current trading around $0.00003488.
15m Chart of FLOKI/USDT on Binance as of 08:00 AM, 29/05/2023
Simultaneously, FLOKI unveiled plans for expansion into the Chinese market. The project has prepared a Chinese whitepaper and announced a partnership with crypto social network Btok. As part of this collaboration, FLOKI and Btok will introduce the memecoin to over 10 million crypto users in China. Additionally, FLOKI plans to launch a metaverse game called Valhalla later this year, designed with a Play-to-Earn model to provide income for players.
We've gotten an influx of Chinese traffic today due to the CCTV-5 feature, and we want to remind you that $FLOKI is strategically positioned for Hong Kong and China opening up to crypto.
— FLOKI (@RealFlokiInu) May 28, 2023
Below is our "China Plan", which highlights our strategy for China:https://t.co/Zn7NDGdQ6q
"Here are highlights of our China Plan:
- Our whitepaper is available in Chinese here: link
- $FLOKI is partnered with the biggest crypto social network in China, Btok." Tweet from @RealFlokiInu — May 28, 2023
Floki has a Chinese website which is accessible here: link
After listing on Binance on May 6, FLOKI quickly entered the top 100 cryptocurrencies. With a market cap exceeding $330 million, FLOKI currently ranks 4th among major meme coins, behind DOGE, SHIB, and PEPE.
- See Also: Review of Floki Inu (FLOKI coin)
Last week, CCTV also aired a segment on crypto adoption in Hong Kong, featuring a Bitcoin ATM, options to purchase the coin, and mentions of NFTs. According to Binance's CZ, "this is a big deal," contributing to a shift in mainland attitudes and paving the way for new capital flows into the crypto market. Most recently, Beijing released a whitepaper to promote innovation and development in Web3.
