FLOKI’s weekly gain hits 55% as Valhalla surpasses 1M transactions and 125K NFT mints.
The price of the Floki Inu (FLOKI) token has once again attracted attention after recording a surge of more than 5% in the past 24 hours. The biggest spark? Valhalla’s first-ever tournament, featuring a $75,000 prize pool.
The tournament will have 64 winners, with one person having the chance to take home the grand prize of $25,000. While the format and full schedule have not yet been announced, the announcement has been enough to ignite community enthusiasm and drive the price upwards.
This surge also comes amid Valhalla’s increasingly promising technical achievements. In early July, CNF reported that in the first 24 hours of its launch on the opBNB mainnet, more than 11,000 Veras — the game’s NFT characters — were minted. In just one week, that number skyrocketed to over 100,000.
These figures reflect the game’s success in attracting attention not only from the FLOKI community but also from gamers seeking new alternatives in the Web3 space.
What makes this even more interesting is that Valhalla isn’t just another play-to-earn game. At the end of June, FLOKI Inu announced a partnership with Method, a well-respected esports organization among MMO players.
They agreed to wear Valhalla-branded jerseys until the end of 2026, while also producing content about gameplay, strategy, and in-game features. So, it’s not just about the big prize pool, but also about FLOKI’s positioning within the traditional gaming space.
Furthermore, FLOKI is also setting new regulatory records. A few days ago, the project became the first crypto token to have a white paper that complies with MiCA regulations in Europe. Not only is it legally recognized, but it has also achieved “Admission to Trading” status throughout the European Union. This is no small feat, as such legality could be a bridge for FLOKI to enter the realm of more conservative investors.
With a market cap already reaching $1.4 billion and a weekly increase of 55%, it’s no surprise that many market participants are starting to see FLOKI as more than just a memecoin. Its new direction toward a utility-based ecosystem is beginning to be evident across various sectors: from the metaverse, NFTs, to esports support.
Furthermore, the arrival of the Valhalla tournament at a time like this is quite timely. Imagine being a new player just getting into the crypto world — and then learning that you could win $25,000 just by playing a game. Who wouldn’t be tempted? Furthermore, Valhalla’s gameplay is designed to be quite competitive and has strategic depth. So it’s not just about clicking, but a real test of skill and intuition.
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