Floki Hits Yearly Low, Whale Activity Signals Rebound
The Most Important Points at a Glance
Floki (FLOKI) has experienced a sharp price decline within 24 hours, reaching a new yearly low. Despite the drop, large investors, known as whales, are taking advantage of the opportunity to buy more. Whale activity has significantly increased, indicating a potential recovery for the memecoin.
Floki Drops to Yearly Low
Within a single day, Floki’s price fell by 9.12% to $0.000060. This brought the memecoin to a new yearly low of $0.000057. On a monthly basis, the decline is also significant at 29.35%.
This price drop has created a buying opportunity, especially for large investors. Whales are taking advantage of the decline to accumulate large amounts of the token.
Whale Activity Surges
Data from IntoTheBlock shows that whale activity has surged after a period of inactivity. Large transactions have increased by 900%, indicating renewed interest from institutional investors.
To determine whether whales are buying or selling, capital flows are analyzed. The inflows from large investors have risen by 277% – from 7.15 billion to 27.03 billion FLOKI. This suggests that whales are actively buying.
Additionally, net inflows have increased by 1,359% to 9 billion FLOKI. This means that more capital is flowing into the token than being withdrawn, indicating a bullish market sentiment among large investors.
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Market Sentiment and Potential Price Movement
The rising demand for Floki is also reflected in order book dynamics. A positive delta value and increasing buy-side dominance suggest that more buy orders are being executed than sell orders.
If demand continues to rise, Floki could recover and reclaim the price level of $0.000073. However, if selling pressure resurfaces, the price could fall back to $0.000057.
Our Assessment
The current market trend shows that whales are using the price decline as a buying opportunity. The increasing whale activity and positive capital flows suggest a potential recovery. However, the risk of another decline remains if selling pressure increases. Investors should closely monitor market movements.
| Symbol | DOGE |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $0.17 |
| 24h % | 3.44 % |
| 7d % | 11.09 % |
| 30d % | -35.87 % |
| 60d % | -54.25 % |
| 1y % | 12.86 % |
| Market Cap | $25,895,433,233.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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