About two weeks ago, Elon Musk, the founder and owner of Tesla tweeted that, “My Shiba Inu will be named Floki.” And right now, Floki Inu is one of the most talked about meme coins in the crypto world.

As expected, myriads of other meme coins with similar names started getting launched almost immediately: Baby Floki Inu, Floki Shiba, etc.

For anyone that hasn’t watched the popular TV series, Vikings, Floki, is a character from the movie. And that is probably the inspiration behind the name of this new defi project and the community of Floki enthusiasts best referred to as Vikings.

Floki to the moon, or?

Following Elon Musk’s Tweet, the coin quickly got listed on Uniswap and in just a few days, the coin’s price pumped to 3,500% due to the demand.

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In the same way, it started a downward trend immediately after that, because most of the community members that had the coin noticed that the contract for the coin had some issues.

…a crash

Instead of becoming the most fairly driven, most decentralized, and fun community project as was envisioned, the opposite became the case. The developer began taxing the hodlers a whopping 20% on their transactions and diverting the proceeds to his wallet, leading to high supply inflation and a crash.

From a $3 million market cap, $FLOKI V1 crashed to $200k and later to $500k. This unexpected rugpull would have been the end. But there’s more.

Vikings community to the rescue

The undaunting Vikings community became relentless. They created a new Ethereum contract - Floki Inu v2. Following the creation and a positive mention on Forbes, the community stepped up, and started migrating their tokens.

With a huge community of over 6,000 Telegram members and 22,000 Twitter followers, they made up their mind and devised a plan to save the project and steer Floki back to the moon.

Unlike the Floki V1, the new project is designed to be fully decentralized, transparent, fun, and ensure that everyone’s investments are safe.

With these intentions, the developers came up with a plan that will reward $FLOKI hodlers with more tokens. Through hyper deflation mechanics, the scarcity of every token you hodl will grow each day, and due to the automatic buy-back and burns, the buy pressure will increase too. At least, that was the plan.

With the plans fully set, an airdrop was successfully launched on the 8th of July, 2021, with the new $FLOKI token contract as: 0x2de72aDa48BDF7Bac276256D3F016fE058490C34.

Through the successful airdrop, the team was able to transfer the $Floki V1 tokens to the new contract, and keep the supply level at a reasonable way. Following this intervention, the future for Floki looks very hopeful. In fact, it rose at some point, to become one of the top trending memecoins on Dextools.

Who knows, due to the vikings community intervention, it may be a flight to the moon after all.