😱 Unbelievable! FLOKI Price Soars to Two-Month High — Why Are Whales Selling? 🚀🔥

FLOKI surged 14% in 24 hours to $0.000084, marking a two-month high since March 3, 2024. The weekly increase reached 44.27%, and the 30-day increase was 14.77%. Trading volume skyrocketed 104.98% to $213.5 million, with open contracts rising 28.3% to $35 million, and market capitalization reaching $792 million, a two-month high.

Whale activity fueled this rise, with trading volume increasing by 185.7% to 20 transactions. Whales bought 61.22 billion tokens but sold 71.62 billion, resulting in a net outflow of 10.4 billion tokens. The net outflow in the spot market remained at $2.1 million, indicating that inflows to exchanges exceeded withdrawals. This suggests that profit-taking is predominant, with selling volume surpassing buying volume.

The frenzy around Memecoins has fueled speculative gains, but weak fundamentals signal a potential correction. FLOKI could reach $0.000090 or $0.00010, followed by a pullback to $0.000072.