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FLOKI is poised to become the second memecoin to launch a regulated exchange-traded product after Dogecoin, following a crucial Floki DAO vote that approved the allocation of tokens for ETP liquidity. The proposal received “overwhelming” support, with 332.7 billion tokens (99.9%) voting in favor, 328.9 million tokens abstaining, and no one against – an outcome the team described as the first time a DAO proposal had passed without any votes against it.
“The proposal, which was the first time ever that a Floki DAO proposal had passed without a single dissenting vote, would result in a portion of the 16,310,285,772.6 FLOKI tokens currently in the ‘Community Buyback Wallet’ being used to provide liquidity to the Floki ETP while the remainder would be burned advertisement From the team via X confirmed.
FLOKI aims to emulate Dogecoin
Community members see this as a landmark event, with the Floki ETP set to debut in early Q1 2025 in collaboration with what the team calls “a respected asset manager and ETP issuer.” According to Floki representatives, it will be listed on the Swiss SIX Stock Exchange, recognized as one of the largest stock exchanges in Europe, thus raising FLOKI’s profile in traditional financial markets.
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Currently, Dogecoin remains the only other meme to have a live cryptocurrency, although this product is traded on the Spotlight stock market in Sweden; The team notes that a listing on the Swiss stock exchange has the potential to attract broader interest from both institutional and retail investors seeking regulated access to crypto assets.
“When it launches, the Floki ETP will allow institutional investors, regulated entities and individual investors to gain exposure to FLOKI in a regulated way. This is a major step that is almost unprecedented in this space, because Dogecoin is currently the only memecoin in the world, with a live currency in circulation – and Floki could become a coin.” memecoin as an exchange-traded coin alongside Dogecoin,” the DAO’s proposal said.
While many details remain under wraps due to non-disclosure agreements, the team also revealed that any tokens allocated for liquidity will remain the property of Floki itself, meaning they can be withdrawn “if there is sufficient third-party liquidity in the ETP” later.
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This news comes on the heels of a recent meeting of the CFTC’s Global Markets Advisory Committee, where the memecoin was used as a “case study for a token.” Observers have noted that any regulatory attention — especially of this kind — could bolster the token’s credibility in a market that remains sensitive to compliance signals.
The DAO-centric approach remains a cornerstone of the token’s philosophy, with frequent community votes and suggestions shaping the direction of the project. Members have consistently supported initiatives focused on increasing recognition for memcoin, which the team says aims to “be the most popular and widely used cryptocurrency in the world.”
Reaction from the broader cryptocurrency community has also been enthusiastic. Cryptocurrency analyst Shelby, who has a large following, Notice Via
At the time of writing, FLOKI was trading at $0.0001798. Consequently, the memecoin retraced the 200-day moving average, a crucial line often referred to as the “bullish line.” However, memecoin is still trading below the major resistance zone between $0.000205 and $0.000215 (shown in red on the chart). Reclaiming this area could open the doors to a new trend towards the yearly high of $0.000349 from June.
Featured image created with DALL.E, a chart from TradingView.com