British Watchdog Bans Floki Inu Crypto Ad – Was The Ad ‘Irresponsible?’
Britain’s advertising authority has banned a promotion on the London Underground for Floki Inu, a cryptocurrency named after Tesla CEO Elon Musk’s dog. According to the Advertising Standards Authority, the marketing program was “irresponsible” since it allegedly exploited customers’ lack of information about the potential risks associated with investing in crypto assets. The advertisement, which […]
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The U.K.’s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad’s “Missed Doge? Get Floki” claim “exploited consumers’ fears of missing out and trivialized investment in cryptocurrency.” The ad was also “irresponsible” and “took advantage of consumers’ inexperience or credulity,” the regulator said.
Floki Ad Banned in the UK
The Advertising Standards Authority (ASA), the U.K.’s regulator of advertising, published its “Ruling on Floki....
The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name.
Shiba Floki Token Soars After Elon Tweets an Image of His New Pup
Elon Musk has been a fan of dogecoin (DOGE) for a while now and on a few occasions, the CEO of the electric car manufacturer Tesla has tweeted a reference to other meme-based canine coins in the past. Musk referenced “baby doge”....
FLOKI price continues to struggle as price ranges in a downtrend channel with a major breakout imminent. FLOKI trades below key resistance as price ranges under 8 and 20-day EMA. The price of FLOKI struggles to flip key resistance into support. Floki Inu (FLOKI), one of the most popular memecoins in crypto, is expected to upset Shiba Inu, which won the hearts of many after a brief surge but may be set to repeat this move. All indicators and patterns indicate that the price of Floki Inu (FLOKI) is overdue for a rally to the $0.000015 region, and even higher if bulls are willing to push....
The U.K.’s advertising authority has launched an investigation into advertisements for the cryptocurrency floki inu (FLOKI). The ads, titled “Missed Doge? Get Floki,” have appeared on London buses and the underground. The team behind the floki inu ad campaign says the advertisements are “legally cleared,” and the advertising authority’s action is “an attack against cryptocurrency and against the people’s freedom of choice — a clear attempt at censorship.”
UK’s Advertising Authority Investigating Ads for Floki....
Dog-themed meme currency Floki Inu, named after Elon Musk’s Shiba Inu dog, is attracting Ethereum and Binance Smart Chain whales after receiving speculative market interest on Friday. On social media, Shiba and Floki followers engage in a heated debate over an ad for their respective dog-themed cryptocurrency. This may have been good news to FLOKI as Ethereum and BSC whales began to show interest in the cryptocurrency. According to data aggregator portal WhaleStats, FLOKI is currently among the top 10 tokens acquired in the last 24 hours by 1,000 of the biggest ETH and BSC whales out there....