Why $FLOKI Dropped Sharply?
1. A major holder dumped 1.2 trillion $FLOKI into Binance, triggering panic among retail traders.
2. On-chain data shows top wallets reducing exposure to $FLOKI and reallocating to trending meme coins like $TURBO and $DOG.
3. The Floki team delayed the release of a major update, shaking investor confidence.
4. Rising gas fees on the Ethereum network made FLOKI transactions costly, reducing activity.
5. Technical indicators are flashing red — RSI is oversold, and the coin is close to breaking key support levels.
⚠️ Always DYOR before jumping into hype-driven tokens. Meme coins are highly volatile, and recent developments have made riskier in the short term.
