Over the past couple of weeks, Shiba Inu (SHIB) and Floki Inu have grabbed attention in the increasingly popular coin meme sector. Now the eyes are focused on the FLOKI token, which is actively promoted through an advertising campaign. In addition, a recent tweet by Elon Musk raised its price by more than 20%.
Today, according to BSCScan, the anonymous whale Binance Smart Chain (BSC) became interested in the Floki coin, purchasing tokens worth about $ 3.5 million. The purchases were divided into small parts and made at short intervals. At the time of writing, his wallet contains over 12 billion FLOKIs.
Initially, about 218,000 FLOKI coins were stored on the anonymous wallet, but then 10.5 million tokens were added to it. The transactional activity did not stop there, and the volume of purchases increased to eight billion FLOKI.
CoinMarketCap data shows that the market capitalization is about $ 2.86 billion with a 24-hour volume of more than $ 142 million. The size of FLOKI’s circulating supply, according to the team’s own estimates, is about 9,413.53 billion tokens.
At the moment, the price has recovered since the pullback from the recent record high at $ 0.00040, now it is at $ 0.0003. From this zone, the price can go up again, driven by the demand for FLOKI.
However, if the 50 SMA surrenders in favor of sellers, a decline will begin, allowing the lower leg to reach the $ 0.00016 level. If the price gains momentum and breaks the October highs around $ 0.00032, FLOKI will be ready to retest the all-time highs and pave the way for further takeoff.
Overall, the prospects for FLOKI look quite promising, especially against the backdrop of declining Shiba Inu. It is very likely that fans of “doggy” tokens will turn their attention to a new crypto asset that has good pump settings.
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