Dogecoin and Shiba Inu may be the best-known meme coins, but another crypto is fast becoming a fierce contender.

Back in 2021, when the original meme coin bull market started to wind down, the likes of FLOKI began to creep up from the shadows and become investor favorites.

As the crypto trader and analyst, who is popularly known as ‘Bonk Guy’ on X, recently pointed out, there are a few reasons why buying FLOKI could be a better play compared to Dogecoin or Shiba Inu.

In addition to the fact that it was created back in 2021 and has survived a bear market alongside Dogecoin and Shiba Inu, FLOKI has other characteristics that has made it a great meme coin choice.

One of the major driving forces behind the support for FLOKI comes with the anticipation of an Exchange-Traded Product (ETP) to be launched for the meme coin. This puts it miles ahead of other meme coins which are yet to see major institutional support.

Moreover, the meme coin has already proven its position as a superior pick over Dogecoin or Shiba Inu after rallying to a new all-time high peak in 2024.

This saw it outperform Dogecoin and Shiba Inu as these market leaders sold off from their 2021 all-time high to lower lows throughout 2024.

Just like Dogecoin and Shiba Inu, FLOKI has also scored listings on major crypto exchanges across the space, in addition to smaller listings. It is trading on Binance, Coinbase, and Bybit, among others, with daily trading volumes at the time of writing above $200 million.

Another interesting factor about the meme coin is that it has shown resilience throughout the current bull market. After scoring an all-time high in 2024, the meme coin faced a steep correction which saw it lose over 60% of its value from its peak.

However, the support at the start of 2025, saw it launch into another rally which has seen it add another 300% from its 2025 lows and nearly 200% from its 2024 all-time low.

At the time of writing, the meme coin is still trading at about 60% below its 2024 peak and 50% below its 2021 high, which presents a potential for more upside.

Pointing out the strength in the FLOKI chart, Unipcs noted that the meme coin has been accumulating through the start of 2025.

“The fact that FLOKI is still under the radar, despite cult-like loyalty from its holders and insane retail recognition, means any rally it gets will likely go much higher than anticipated—a classic hated rally setup.”