- Floki’s perpetual trading volume topped $770M in one day.
- Floki gained 12.5% since Binance.US listed the memecoin.
- Fake airdrops appear on Twitter, luring crypto enthusiasts.
The emerging Viking dog-themed memecurrency Floki (FLOKI) is back in the limelight on Twitter. The canine coin is trending on Crypto Twitter, along with Satoshi Nakamoto and memecoins. Indeed, the newest wave of memecoins has generated one million social mentions after Floki was listed by crypto giant Binance.US.
Bearish Crossover Incoming for Floki?
According to several crypto traders on Twitter, the daily chart unveils a few indications of an upcoming bearish crossover. Currently facing market correction after an impressive bull run, Floki dropped by 6% in the last 24 hours. At press time, Floki trades at $0.00003698, according to CoinGecko.
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The on-chain signals currently suggest an even split between bearish and bullish signals. The emerging Viking memecoin grew 1.49% by net network growth and added 0.16% in concentration, which means an increase in large holders’ positions.
Bad Actors Using Floki’s Name
The official developer team behind Floki advised its fans to be cautious in regards to any invitation to participate in a “Floki Airdrop,” as phishing scams can cause serious losses to investors. Crypto phishing has been particularly popular since 2022 and is on the rise again – most scammers tend to imitate trending coin airdrops, even if the actual coin devs have never initiated one.
On The Flipside
- The quickly rising Floki memecoin community has half a million followers on Twitter, much less than rivals Baby Doge Coin, Shiba Inu, or Dogecoin.
- Floki’s community doesn’t have an organized burn tracker, therefore it’s difficult to determine how much of $FLOKI has already been set ablaze.
Why You Should Care
Floki is one of the most watched altcoins this year.
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