215% jump in the price of Floki! Is Another Rally Coming For Mimcoins?

FLOKI, one of the popular dog-themed meme coins on the market, has performed exceptionally well on South Korea-based exchange Bithumb, with a staggering 215% price growth, according to Cryptocurrency News.
It’s worth noting that South Korean regulations, including strict Know Your Customer (KYC) requirements and the use of real-name accounts linked to local banks, prevent foreigners from trading on the country’s crypto exchanges. These measures are part of a larger effort to increase transparency and curb illegal activities.
Other exchanges have yet to reflect similar growth for Floki, and the price of this meme coin has only increased by around 11% in international markets. This disparity underlines the unique dynamics in the South Korean market and shows the market’s ability to stage isolated rallies.
Now the question is whether this enthusiasm of Korean users is also reflected in international exchanges and can create a wider wave for the so-called “meme” digital currencies or not? Meanwhile, some market participants believe that Floki’s remarkable rally on a major platform like Bithub could act as a catalyst for other meme coins.

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