Floki (FLOKI), one of the popular memecoins, experienced a strong rise after the DWF Labs news hit the agenda.
Market makers are blowing the wind in the crypto market. Whichever cryptocurrency DWF Labs, one of the major market makers, turned to, there was an increase in that project. The final product of this situation, which Coinkolik also discussed, was Floki. DWF Labs approached Floki, according to the data reflected on Lookonchain.
FLOKI started to rise due to the news. The popular memecoin project experienced a 30 percent increase in 4 days. This rise could not be accompanied by Dogecoin or Shiba Inu.
Floki (FLOKI) is rising silently!
Popular memecoin project Floki (FLOKI) is on the rise. Cryptocurrency attracted attention with a 30 percent rise. The most important factor in FLOKI’s rise was DWF Labs.
Lookonchain stated that DWF Labs interacted with the Floki project.
It seems that DWF Labs(@DWFLabs) received 15.84B $FLOKI($278K) from #FLOKIMultiSig and deposited it into #Binance 6 hours ago.https://t.co/DzA62a6QQE pic.twitter.com/pmunZzitEk
— Lookonchain (@lookonchain) September 30, 2023
A wallet associated with DWF Labs received approximately $280 thousand worth of tokens from FLOKI: MultiSig. The activity of this wallet on Binance also paved the way for the project to take off. FLOKI, which had started to rise before, intensified its rise with the news flow.
While the destination of the project is a matter of curiosity, whether the price will start a new memecoin bull like PEPE is on the agenda. How much higher can FLOKI rise?
In order for the rise on the Floki side to continue, the price must maintain permanence in this region. If $0.00002 is secured, the next target for FLOK will be the $0.00002387 region. If this point, which has become the biggest resistance of the long-term decline, is broken, the level of $ 0.000027 may come to the fore for FLOKI. In case of a decline, the important support points for the popular memecoin will be $0.00001869, $0.00001753 and $0.00001612, respectively.
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