Floki Shiba Doge appears to be a new cryptocurrency inspired by the popular Shiba Inu and Doge memes. Related projects like Baby Floki and Baby Kabosu have seen recent trending status with fair launches, contract renouncements, liquidity locks, and substantial supply burns. These projects leverage the fame of Kabosu, a Shiba Inu known as the face of Doge, and focus on marketing efforts, partnerships, and low market capitalization. The aim is to capitalize on the popularity of meme coins with a strong community focus and potential for rapid growth.