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BitMEX is delisting ten perpetual swap contracts, including FLOKI/USD and FLOKI/USDT, due to “insufficient trading interest.”
Floki Inu is among many memecoins in the market, known for their high volatility; investors are cautioned about potential risks due to some having minimal real-world use cases.the delisting of ten perpetual swap contracts on its platform. Namely, the trading pairs include FLOKI/USD, FLOKI/USDT, 1TAIDOGE/USD, 1TAIDOGE/USDT, BOB/USD, GMX/USD, GMX/USDT, ORDI/USD, RNDR/USD, and TURBO/USD.
“Once a contract has expired, the lifetime profit and loss of that contract will be added to the user’s Bitcoin balance for XBT margined contracts or Tether balance for USDT margined contracts, and this contract will no longer appear on the Positions section,” BitMEX clarified. The asset has been among the best-performing memecoins lately. While the largest ones by market capitalization – Dogecoin and Shiba Inu – have recorded minor gains in the past 30 days, FLOKI has surged over 15%.Floki Inu is only one of the hundreds of memecoins that exist nowadays. Those assets have been quite intriguing for investors due to their enhanced volatility and potential for rapid price increases.
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