The Meme Project doubled the contest prize money to $150,000. 64 winners share the rewards, and the top will leave for $50,000. The tournament will start next month, with details expected next week.
Digital currency flashed today’s recovery signal as Bitcoin recovered from near $109,000 to an intraday peak of over $112,300.
In volatility, the Floki team has revealed important announcements about the upcoming Valhalla Play Torn tournament.
The Meme project doubled the prize pool for the contest, which is scheduled to begin in September, to $150,000.
This is the first competitive event within Floki’s Valhalla Metaverse ecosystem.
According to the latest announcement:
The prize money has doubled to $150,000! A total of 64 winners will share this large prize pool.
Valhalla Tournament #1 is here
The first @Valhallap2e tournament is set for September…and the stakes have just gotten expensive.
The aship awards pool has doubled to $150,000!
A total of 64 winners will share this large prize pool.– 1 day: $50,000
– Second: $20,000
– …pic.twitter.com/ixfdsaquwi– Floki (@floki) August 27, 2025
A large prize pool could enhance community participation.
The platform will reward 64 participants and also make promising payments for middle class performers.
Metaburn Tournament with Large Rewards
Floki’s Valhalla contest promises a prize that will make sense for participants.
These events primarily reward a small number of top players, but the dog-themed Crypto project employs a tear-payout framework.
The 64 winners will enjoy the prizes as follows:
1st place – $50,000 Second position – $20,000 Third to fourth position – $10,000 per fifth to eighth position – $4,000 per 9th to 16th position – $17th to 32nd position – $33rd to 64th position – $1,000 per 64th position – $400 each
Floki has chosen a comprehensive payout structure to make the tournament competitive, offering rewards for those who don’t reach the final round.
Such an approach could potentially extend participation.
Strengthen Valhalla’s momentum
The latest announcement is part of Floki’s efforts to reduce meme images with improved utility focus on the gaming ecosystem.
We released the immersive metaverse game Barhara on June 30th, 2025.
Meanwhile, the Valhalla Tournament in September will be the first test of Floki’s game’s playarean approach.
The double prize pool reflects the desire to attract attention from the wider cryptogaming community.
Experts believe this approach will give Floki a competitive edge as the market moves from hype-driven projects to real-world utility.
In fact, most P2E platforms struggle to survive after their first boot.
Therefore, Floki supports the first contest with such a large prize pool.
Potential prizes could strengthen Floki’s user base to attract guilds, competitive gamers and streamers.
Potential impact on Floki
If your content provides large-scale engagement, it could drive Valhalla adoption and Floki’s growth.
The prize money is $150,000, and the September tournament could be a critical moment for meme tokens.
Floki showed optimism in the Valhalla news. At $0.00009701, it increases by 3% on your daily chart.
However, the decline in trading volume reflects a general widespread market slump.
ALTs may erase daily profits unless the buyer intervene to maintain the benefits.
Enthusiasts will see how Floki will perform in upcoming sessions, especially during the Valhalla tournament in September.
Top Crypto Trader and Analyst Gainers today hope to see ALTs 10 times higher in the coming months.
