Floki is planning to delay the launch of its Valhalla P2E game to early 2025. In an announcement made on November 25th, Floki announced that the mainnet launch of Valhalla, Floki’s premier play-to-earn game, has been delayed until early 2025.
The announcement came with the backdrop of FLOKI prices taking a downward move, plunging to $0.000217, down 10.18% as compared to the same time last day.
FLOKI Cites Security Reasons For Delay In Mainnet Launch
On November 25, the Floki team revealed the delay, stating that it was due to comments from auditors. The extra time will give the security crew more time to make sure Valhalla users and their belongings are as safe as possible.
The multiplayer online role-playing game project was originally scheduled to launch in November of this year, but it will now launch in the first quarter of 2025.
The official announcement also stated “The Valhalla Play2Earn economy will be powered by a treasury that is currently worth almost $60 MILLION. That’s a significant sum of money to ensure that Valhalla has a thriving economy which will help accelerate our vision of making it the most successful metaverse blockchain game in this industry. This is a responsibility we do not take for granted.”
Floki Price Tumbles Over 10%
FLOKI price has seen a bad downfall on November 26th, plunging over 10%. However, the fall is largely due to weakness in the broader crypto market, with big market players like Bitcoin also falling over 5%.
FLOKI price over the past month has been largely upbeat. Especially on November 21st, when Coinbase announced that it would offer support for Folki on its Ethereum network because of the coin’s widespread appeal.
The announcement probably maintained the price of FOLKI high, as it was trading at a 7% premium.
Additionally, the token and the cryptocurrency market as a whole experienced a remarkable rebound following the US presidential election, with gains of almost 60% over the preceding month.
At present, the Fear & Greed Index for FLOKI is currently at 79 (Extreme Greed). In the past 30 days, Floki Inu has experienced 14 out of 30 (47%) green days and 28.00% price volatility.
According to data, there is a general bullish feeling toward the price of Floki Inu, with 21 technical analysis indicators indicating optimistic signs and seven indicating negative indications. With an RSI value of 55.96 at the moment, the FLOKI market is in a neutral position.