Floki token gained 10% after the table tennis World Cup final
Token Floki gained 10% after the final of the Table Tennis World Cup in South Africa
The cryptocurrency-sponsored sporting events, matching advertising the project were broadcast by the state television channel in China for more than 100 million viewers
Floki (FLOKI) token appreciated 10% after the World Table Tennis Championship final in Durban, South Africa, on the evening of May 28, where the crypto project was a sponsor. The price of the token increased from $0.0000326 to $0.0000361.
Floki is a management token in the ecosystem of the same name. According to CoinGecko, Floki has a market capitalization of $333.6 million, and its daily trading volume reached $72.5 million. The token trades around the $0.0000335 mark on May 29.
The Floki crypto project announced its partnership with the International Table Tennis Federation (ITTF) in early May. As the official sponsor of the World Championship finals, the Floki brand is expected to be presented to more than 500 million fans of the sport from around the world.
Table tennis is very popular in China. Both finalists represented the PRC. As noted by the project team, the match was broadcasted by the Chinese state TV channel CCTV-5 with an audience of more than 100 million people. The FLOKI logo and a link to the project website were posted on the competition's billboards.
Hong Kong will open retail sales of cryptocurrencies. How the market will react.
Floki noted that it was very timely - a few days before cryptocurrency retailing will be allowed in Hong Kong. The project intends to actively promote the Valhalla token and game in Hong Kong and mainland China.
Hong Kong introduces a new crypto-regulation regime on June 1, and many other leading cryptocurrency platforms see this region as one of the most promising for business. Three major cryptocurrency exchanges - Huobi, OKX, and Gate.io - have already opened trading in a limited number of digital assets for customers from the region.
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