This summary text is fully AI-generated and may therefore contain errors or be incomplete.
FLOKI Staking TVL has reached a new high of $80 million, indicating a strong uptrend for the token. The price of Floki Inu (FLOKI) experienced a brief jump of 23% on December 4th, but later stabilized. Technical indicators suggest that there could be another 50% uptrend for Floki Inu by 2024. The recent price increase and the record Staking TVL confirm a bullish technical setup known as a ‘pennant.’ This pattern suggests that the price will continue in the same direction as the initial movement. The target price for FLOKI is projected to be $0.000055, which is over 50% higher than the current value. Additionally, the Floki Staking TVL milestone has been achieved, with $80 million locked away in the staking program. This represents over 21% of the total Floki supply and over 22% of the circulating supply. The Floki team also mentioned that Hypr Network has locked nearly 50% of their liquidity on Floki’s token locker protocol, FlokiFi Locker. Hypr is a layer two blockchain built on top of Ethereum. Overall, these developments enhance FLOKI’s utility value, strengthen its utility, and ensure its long-term stability.