Floki’s (CRYPTO: FLOKI) decision to invest $200,000 in its sister memecoin project, Simon’s Cat (CRYPTO: CAT), spurred a substantial rise in the price of the popular dog-themed token, while also causing a spike in the feline token. What Happened: On Thursday, Floki revealed its intention to invest $200,000 in Tether (CRYPTO: USDT) from its treasury into the Simon’s Cat token, which is inspired by the popular cat animation series of the same name. This decision was made following a vote by the Floki DAO, which saw an overwhelming 97.72% approval. According to the proposal, the tokens will be pu…
