Floki Inu (FLOKI), the dog-themed meme coin, has recently achieved a significant milestone by reaching an all-time high (ATH) amidst Binance Coin’s (BNB) upward trajectory.
With a 15% surge in the past 24 hours, FLOKI reached a record price of $0.0003491, solidifying its position as the largest meme coin on the BNB Chain.
Floki Inu Receives Major Boost As DFW Labs Invests $12M
This surge comes as Web3 investor and crypto market maker DFW Labs announced a substantial investment of $12 million in FLOKI tokens to support the Floki ecosystem.
The purchase involved acquiring a portion of the tokens from the market and the remainder from the Floki treasury. Notably, DWF Labs purchased $10 million worth of FLOKI tokens in March, which also triggered a significant price surge of over 30%, propelling the token to a nine-month high then.
The partnership between Floki and DWF Labs was initially established in May 2023 when DWF Labs purchased $5 million worth of FLOKI tokens. Since then, DWF Labs has been crucial in boosting FLOKI adoption.
Related Reading
In addition, further developments are on the horizon for Floki, as they plan to release the mainnet version of their flagship utility product, the Valhalla metaverse game, later this year.
Moreover, the team is set to launch several key utility products, including the Floki Trading Bot and the Floki Decentralized Domain Name and Website Service. These upcoming releases have garnered significant attention from investors, resulting in increased buying pressure and a rise in token holders.
The protocol boasts a notable milestone, with FLOKI recently surpassing 417,400 holders on the BNB chain. The protocol’s development team declared that Floki remains “the dominant meme coin on the BNB chain,” boasting a substantially larger market capitalization than all other BNB chain memecoins combined.
Price Correction Temporarily Impacts FLOKI’s Uptrend
According to CoinGecko data, FLOKI’s market capitalization is currently at a substantial $3 billion, nearly doubling compared to its market cap in May, which was $1.7 billion.
Furthermore, FLOKI’s daily trading volume has surged by 164% in the past 24 hours, amounting to $1.2 billion, highlighting the token’s market attention from investors and its prevailing bullish sentiment.
Despite these positive developments, Floki Inu has experienced a price correction of approximately 8% within a matter of hours. It is currently trading at $0.0003164. The next nearest support level for the token is $0.0002985.
Related Reading
While there is a clear path for further growth, Floki Inu faces the challenge of investor decision-making on profit-taking and selling, which could potentially impact the token’s short-term uptrend.
In such a scenario, a consolidation at current levels would be crucial in maintaining gains and facilitating the resumption of the uptrend once the buying trend resumes.
Meanwhile, BNB is trading slightly below its ATH, experiencing a 1.5% decline in the last hour and currently valued at $699.
Featured image from DALL-E, chart from TradingView.com
Floki Inu (FLOKI), the dog-themed meme coin, has recently achieved a significant milestone by reaching an all-time high (ATH) amidst Binance Coin’s (BNB) upward trajectory.
With a 15% surge in the past 24 hours, FLOKI reached a record price of $0.0003491, solidifying its position as the largest meme coin on the BNB Chain.
Floki Inu Receives Major Boost As DFW Labs Invests $12M
This surge comes as Web3 investor and crypto market maker DFW Labs announced a substantial investment of $12 million in FLOKI tokens to support the Floki ecosystem.
The purchase involved acquiring a portion of the tokens from the market and the remainder from the Floki treasury. Notably, DWF Labs purchased $10 million worth of FLOKI tokens in March, which also triggered a significant price surge of over 30%, propelling the token to a nine-month high then.
The partnership between Floki and DWF Labs was initially established in May 2023 when DWF Labs purchased $5 million worth of FLOKI tokens. Since then, DWF Labs has been crucial in boosting FLOKI adoption.
Related Reading
In addition, further developments are on the horizon for Floki, as they plan to release the mainnet version of their flagship utility product, the Valhalla metaverse game, later this year.
Moreover, the team is set to launch several key utility products, including the Floki Trading Bot and the Floki Decentralized Domain Name and Website Service. These upcoming releases have garnered significant attention from investors, resulting in increased buying pressure and a rise in token holders.
The protocol boasts a notable milestone, with FLOKI recently surpassing 417,400 holders on the BNB chain. The protocol’s development team declared that Floki remains “the dominant meme coin on the BNB chain,” boasting a substantially larger market capitalization than all other BNB chain memecoins combined.
Price Correction Temporarily Impacts FLOKI’s Uptrend
According to CoinGecko data, FLOKI’s market capitalization is currently at a substantial $3 billion, nearly doubling compared to its market cap in May, which was $1.7 billion.
Furthermore, FLOKI’s daily trading volume has surged by 164% in the past 24 hours, amounting to $1.2 billion, highlighting the token’s market attention from investors and its prevailing bullish sentiment.
Despite these positive developments, Floki Inu has experienced a price correction of approximately 8% within a matter of hours. It is currently trading at $0.0003164. The next nearest support level for the token is $0.0002985.
Related Reading
While there is a clear path for further growth, Floki Inu faces the challenge of investor decision-making on profit-taking and selling, which could potentially impact the token’s short-term uptrend.
In such a scenario, a consolidation at current levels would be crucial in maintaining gains and facilitating the resumption of the uptrend once the buying trend resumes.
Meanwhile, BNB is trading slightly below its ATH, experiencing a 1.5% decline in the last hour and currently valued at $699.
Featured image from DALL-E, chart from TradingView.com
F*ckin’ awesome issues here. I am very satisfied to see your article. Thanks so much and i’m having a look ahead to contact you. Will you kindly drop me a mail?
clomiphene price walmart where to get clomid tablets generic clomid for sale clomid pct where to get generic clomid price buying cheap clomiphene pill clomid cost australia
I couldn’t turn down commenting. Adequately written!
Thanks for putting this up. It’s okay done.
order generic azithromycin 500mg – sumycin pills flagyl 200mg uk
rybelsus 14mg pill – order periactin 4 mg online buy periactin
domperidone cheap – generic domperidone cyclobenzaprine 15mg oral
augmentin 375mg tablet – atbioinfo buy acillin generic
purchase esomeprazole capsules – https://anexamate.com/ oral nexium
buy generic medex over the counter – https://coumamide.com/ purchase hyzaar generic
meloxicam 15mg drug – mobo sin buy meloxicam tablets
deltasone 5mg without prescription – apreplson.com deltasone 20mg canada
ed pills – https://fastedtotake.com/ buy erectile dysfunction drugs over the counter
fluconazole 200mg tablet – on this site buy forcan online
order cenforce 100mg generic – site order cenforce 50mg generic
cialis experience – site cialis vs flomax
what is the difference between cialis and tadalafil? – https://strongtadafl.com/ cialis over the counter at walmart
order ranitidine 150mg for sale – https://aranitidine.com/ zantac generic
can you just buy viagra – best place to buy viagra yahoo where do i buy cheap viagra
I couldn’t resist commenting. Well written! https://gnolvade.com/es/provigil-espana-comprar/
More posts like this would create the online space more useful. prednisone for arthritis
More posts like this would add up to the online elbow-room more useful. https://ursxdol.com/cenforce-100-200-mg-ed/
More posts like this would persuade the online play more useful. https://prohnrg.com/
The thoroughness in this piece is noteworthy. https://aranitidine.com/fr/en_france_xenical/
More posts like this would force the blogosphere more useful. https://ondactone.com/simvastatin/
This is the big-hearted of literature I truly appreciate.
what are tetracycline pills for
More articles like this would frame the blogosphere richer. http://sglpw.cn/home.php?mod=space&uid=563608
generic forxiga 10 mg – https://janozin.com/ forxiga 10 mg cheap
xenical generic – https://asacostat.com/ orlistat sale
The thoroughness in this break down is noteworthy. http://iawbs.com/home.php?mod=space&uid=916883