- Floki (FLOKI) has surged 100% in the past 7 days.
- Bullish momentum with 9D EMA at $0.00021670 and RSI at 80.
Floki, the prominent dog-faced memecoin has emerged as a notable contender, hitting a three-year high at $0.00030656. This surge, amounting to a 100% increase in the past week alone, has attracted significant attention. It gained itself top position in the trending coins data according to CoinMarketCap. Currently experiencing a slight correction, Floki is trading at $0.0002703, continuing its bullish trend.
Despite its impressive performance, on-chain data reveals a noteworthy trend of profit-taking among whales. Several large investors have begun unstaking their Floki holdings and selling them for profits. In the past 24 hours, six wallets have unstaked a total of 30 billion $FLOKI tokens, amounting to $7.14 million, and have initiated selling activities.
One particularly notable transaction involves smart whale 0xf63, who deposited a staggering 200.9 billion $FLOKI tokens, valued at $50.3 million, into Gate.io. Should this whale proceed with selling, the estimated profit would mark a substantial 731% increase in just 1.5 months. Notably, this move underscores the lucrative nature of Floki investments in recent months.
Furthermore, it’s interesting to note that the same whale still holds substantial holdings of other cryptocurrencies, including 1.24 trillion SHIB tokens and 11.4 million BIGTIME tokens, with total unrealized profits amounting to $34.5 million.
Where FLOKI Go From Here?
In terms of predictions, the future trajectory of Floki remains bullish. While profit-taking by whales may lead to short-term corrections, the strong community support and continued trending status indicate potential for further growth. If bulls continue their rally, FLOKI might reach $0.0003239 and the bears might pull down to $0.0002562. Notably, the RSI is at 80 , which indicates an overbought situation.
