A meme cryptocurrency and rival to Shiba Inu, this altcoin is again officially the most traded token among the top 1,000 Binance whales.
FLOKI Inu, target of Binance whales
Floki Inu (FLOKI), a popular meme coin, has been making waves since its launch as investors try to get in as early as possible. It has become the most traded token among the top 1000 BSC whales after witnessing a massive price rally.
https://twitter.com/WhaleStatsBSC/status/1628507582552854531
According to data from whale watching service WhaleStats, the 1,000 largest BSC whales hold millions of Floki Inu tokens, making it the most traded token among these whales, with Filecoin (FIL) the second largest. Floki Inu investors had a productive January. The price of the asset increased ~250% over the period. A brief consolidation followed, but Elon Musk single-handedly turned the situation in FLOKI’s favour.
Floki rose more than 30%
Last week, he tweeted a picture of a dog named ‘Floki’ and sarcastically named him the new CEO of Twitter. Created in honor of Elon Musk’s dog, Floki is a new meme coin that has managed to gain popularity and price in the crypto space. According to cryptokoin.com data, it is trading at an average price of $0.0000513, up 31.02% in the last 24 hours. The 24-hour trading volume increased by approximately 155.13% to $150,200,772. However, this meme coin is ranked 213 on CoinMarketCap.
On November 4, 2021, the coin recorded an all-time high price (ATH) of $0.0003437. Since then, Floki Inu price lost its traction and turned south and is currently trading at -88.38% below its all-time high price (ATH).
From the roadmap to the link with Amino Rewards, there are several reasons for this recent price increase. According to Floki Inu’s official Twitter account, this roadmap will provide transparency to the Floki Inu community about the project’s goals. Discussions about Floki on social platforms such as Twitter managed to keep up. Data from Lunar Crush revealed that social media mentions increased by 138.5% last week and the number of social interactions increased by 122.7%. So in total, Floki Inu managed to collect more than 290.9 thousand mentions and 462.2 million interactions in that time frame.
The alliance between Floki Inu and Amino Rewards, a Web3 rewards network for sports and health, will allow the platform to lock all its tokens exclusively with Floki’s crypto locker protocol starting in the $4 million to $8 million range.
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