Floki Inu (FLOKI) is a meme-based cryptocurrency inspired by Elon Musk's Shiba Inu dog, named Floki. Launched in June 2021, it quickly gained attention due to its association with Musk, who has a significant influence on the crypto market. FLOKI positions itself as more than just a meme coin by aiming to build a utility-driven ecosystem, including a play-to-earn game, NFT marketplace, and educational platform called Floki University. Despite its meme origins, FLOKI has developed a strong community and has been marketed as "the people's cryptocurrency" due to its efforts to make decentralized finance (DeFi) accessible to a broader audience. The token's value, however, remains highly volatile, driven largely by social media trends and speculative interest.