Ethereum (ETH) whales have picked up a bearish altcoin project from the bottom after rallying throughout the week. Opportunistic whales turned the 15% drop to around 5% with bulky purchases.
Falling altcoin whales flooded: Price quickly rebounds
Related altcoin Floki Inu (FLOKI) has lost over 15% at one point today. After finding the bottom at $0.0000473, it turned green again with heavy whale purchases. The whales’ interest is supported by on-chain data. According to data from Whale Stats, Floki was the most purchased token by the top 500 BSC whales today.
WhaleStats also released data on the transactions of the top 100 Ethereum (ETH) whales earlier this morning. According to the report, Floki Inu (FLOKI) is one of the ten most purchased tokens among the top 100 Ethereum whales in the last 24 hours.
Floki Inu (FLOKI) up 400% in one month
cryptocoin.com We have included the developments behind the Floki Inu rally in this article. The meme token was the best performer of the last 30 with exchange listings, new token burning mechanism and Elon Musk tweet. Floki also surpassed Stephn (GMT) as the most traded token among the top 500 BSC whales. According to WhaleStats data, the token briefly surpassed DOGE, SHIB and GMT in the most traded category. FLOKI moved up to second place on the leaderboard after being listed on the Kucoin exchange.
Floki fell hard after rally
According to CMC data, FLOKI is currently trading at $0.00005111. After losing 16% during the day, it quickly recovered, reaching 5% in the last 24 hours. As a result, the meme coin’s value is still in the green more than 120% from last week.
Floki’s 24-hour trading volume is in the red, down 43.9% in the last 24 hours, currently at $200,937,405. With a market cap of $444,611,349, this meme token ranks 213th on the list of cryptocurrencies with the highest market capitalization.
Can Binance list Floki Inu?
Meanwhile, the Floki community predicts that Binance will soon list the meme token with a total market cap of $496 million. Floki was one of the most sought after coins on Binance after Musk’s related tweet we mentioned above. This is one of the key calls for Floki to be listed on Binance. KuCoin, one of the major central exchanges, announced that Floki was listed right after the new Twitter CEO discussion.
Meanwhile, change.org is currently collecting signatures for Floki to be listed on Binance. Over 35,000 signatures have now been collected.
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