{"id":185545,"date":"2023-11-02T03:56:41","date_gmt":"2023-11-01T22:26:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=185545"},"modified":"2023-11-02T03:56:41","modified_gmt":"2023-11-01T22:26:41","slug":"floki-vs-bitget-unraveling-the-new-controversy-over-tokenfi-listing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/floki-vs-bitget-unraveling-the-new-controversy-over-tokenfi-listing-crypto-news\/","title":{"rendered":"Floki vs Bitget: Unraveling the new controversy over TokenFi listing &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<br style=\"clear: both;float: none\" \/><\/p>\n<ul>\n<li><em>Floki rejects foul play on its part over token listing.\u00a0<\/em><\/li>\n<li><em>Bitget earlier delisted the token over concerns of market manipulation.<\/em><\/li>\n<\/ul>\n<p>The controversy surrounding the listing of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/FLOKI\" data-wpel-link=\"internal\">Floki\u2019s [FLOKI]<\/a> newly-launched token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/floki-launches-new-project-with-an-eye-on-the-growing-tokenization-industry\/\" data-wpel-link=\"internal\">TokenFi [TOKEN]<\/a> took a sharp new turn as the memecoin project strongly rebutted allegations from crypto exchange Bitget.<\/p>\n<hr \/>\n<p style=\"text-align: center\">How much are\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/100-floki-to-usd\" data-wpel-link=\"internal\">1,10,100 FLOKIs worth today<\/a>?<\/p>\n<hr \/>\n<h4><strong>The Floki vs Bitget saga<\/strong><\/h4>\n<p>The drama erupted on Halloween when the trading platform <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bitget.com\/support\/articles\/12560603799638\" data-wpel-link=\"external\">announced<\/a> delisting of Floki\u2019s new token over concerns of \u201cmarket manipulation\u201d.<\/p>\n<p>Bitget claimed that the Floki team tried to control initial liquidity by adding just $2,000 worth of tokens to the liquidity pool on decentralized exchanges (DEXes).<\/p>\n<p>Upon further scrutiny, Bitget said it found more red flags such as \u201can opaque token economy and an unclear vesting schedule.\u201d<\/p>\n<p>Within hours of the claims, Floki took to social media platform X to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RealFlokiInu\/status\/1719337299786240344?s=20\" data-wpel-link=\"external\">clarify<\/a> its stance. In a long and strongly-worded post, Floki claimed several lapses on the part of Bitget during the entire process.<\/p>\n<p>Floki said that it asked centralized exchanges (CEXes) not to list TokenFi until at least seven days of it going live on DEXes. This was because a vote regarding the listing of the token was pending with the Floki decentralized autonomous organization (DAO).<\/p>\n<p>While other exchanges accepted this arrangement, Bitget went ahead and announced a listing as soon as the launch details were made public last week, Floki alleged.<\/p>\n<p>Furthermore, Floki said that Bitget listed a fake replica of original TOKEN before it was made available for trading on-chain. Hence, users weren\u2019t able to send these assets to their wallets.<\/p>\n<p>In its defense, Floki reminded the world about its <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/RealFlokiInu\/status\/1717985938364608622?s=20\" data-wpel-link=\"external\">repeated warnings<\/a> on unauthorized listings. Long story short, Floki accused crypto exchange Bitget of enabling fraudulent purchases of fake TOKEN on its platform.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, here\u2019s\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">FLOKI\u2019s market cap in BTC terms<\/a><\/p>\n<hr \/>\n<h4><strong>FLOKI pulls back<\/strong><\/h4>\n<p>The controversy continued to grab the attention of industry observers. Meanwhile, the hype around TOKEN failed to diminish. The tokenization platform token exploded 63559% since its launch, data from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/tokenfi\/\" data-wpel-link=\"external\">CoinMarketCap<\/a> showed.<\/p>\n<p>However, memecoin FLOKI started feeling the pinch. The dog-themed token shed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/currencies\/floki-inu\/\" data-wpel-link=\"external\">more than 5%<\/a> of its value amidst allegations and counter-allegations. The price dip reversed the gains made following the announcement of the project last week.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Floki rejects foul play on its part over token listing.\u00a0 Bitget earlier delisted the token over concerns of market manipulation. The controversy surrounding the listing of Floki\u2019s [FLOKI] newly-launched token TokenFi [TOKEN] took a sharp new turn as the memecoin project strongly rebutted allegations from crypto exchange Bitget. How much are\u00a01,10,100 FLOKIs worth today? The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":185546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-185545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=185545"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185545\/revisions"}],"predecessor-version":[{"id":185548,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/185545\/revisions\/185548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/185546"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=185545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=185545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=185545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}