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Last minute. #Floki announced that he will make a very important statement. A critical statement will be made for Floki, which has surprised investors with its recent rise. Here is the detail; Floki, one of the leading players in the digital field, is preparing to make an important announcement. The company released a teaser video signaling a major development on the X platform that will be announced on June 10. Details of the announcement have not yet been revealed, but this move has created great expectation in the digital community. More information will be shared after the official announcement on the specified date. $FLOKI
FLOKI whales buy 30 billion tokens in May, meme coin gains 11%.
On Binance, FLOKI gained 11% on Tuesday, increasing its seven-day gains above 40%.
May saw 30 billion FLOKI added to whale wallets.
On-chain data, social dominance, and active addresses support FLOKI's meme currency increases.
Floki Inu (FLOKI) saw on-chain metrics rise in May. As with Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and PEPE (PEPE), the meme currency surged this cycle.
FLOKI's on-chain stats support its climb, and the joke currency may continue.
On-chain FLOKI data are optimistic.
Market participants call the current cycle the meme coin supercycle due to monumental meme token growth since 2024. On Binance, FLOKI gained almost 43% in the previous week.
On Tuesday, FLOKI rose 11.16% to $0.000309.
Increased on-chain indicators that measure user activity, interest, and trader relevance boost FLOKI's price increase. Santiment's graphic shows active addresses and social dominance rising between May 1 and 28.
Active FLOKI addresses roughly quadrupled from 3,650 to 7,080, and social dominance rose from 0.0767% to 0.4953%. Increases in two on-chain indicators justify meme coin's recent advances.
FLOKI continues double-digit increases.
FLOKI touched a Binance record of $0.000314 early Tuesday. FLOKI might gain almost 18% if a daily candlestick closes over May 27's $0.000290 high.
The goal is the 127.2% Fibonacci extension of the run from $0.000109 to $0.000314 on May 28, an all-time high.
The MACD indicator suggests FLOKI's rise has favorable momentum. A bullish thesis is supported by green histogram bars above the neutral line and MACD moving above the signal line on April 22.
During a drop, FLOKI might find support around $0.000270, the 78.6% Fibonacci retracement of the April 13 May 28 surge.
$FLOKI will burn next day a massive amount of coins. This will have a huge impact on the price. This is maybe the last time to buy it this cheap. Buy, Hold it can go to 0.1 even 1.
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As I have said on Twitter earlier, it is an honor and with the deepest humility that I step into the role of Binance’s CEO, succeeding the visionary founder of this incredible company. Over the past six years, Binance has laid a foundation that has positioned it for decades of continued growth and success. Now, my role is to lead our talented and committed team into that future while respecting and learning from the past. This, together with the trust placed on us by our 160M+ users, are heavy responsibilities that I take seriously.A cornerstone of this organization has always been the idea that innovation should bring value to users. The best way to put this principle into practice – the Binance way – is to consistently deliver best-in-class products that people use and find valuable. As Binance’s new CEO, I am determined to keep steady on this course. We will remain committed to product excellence as we continue to blaze the trail of financial innovation.I accepted this role with the support of CZ and our leadership team. My commitment is to work tirelessly so that we can meet and exceed the expectations of all stakeholders while achieving our core mission: the freedom of money. With three decades of financial services and regulatory experience under my belt, I understand the unique challenges and opportunities that our industry presents, and I am dedicated to steering us through crypto winters and summers alike. We have turned the page on Binance’s historical challenges and we are, in fact, stronger today than we have ever been. Over the course of the past two years, Binance has systematically worked to address its past compliance issues through a series of significant efforts to recruit, hire, and retain the right personnel to strengthen Binance’s compliance program and culture. As an industry, we require more focus than ever on collaborating with policymakers. Only then may we effectively contribute to the development of a globally harmonized regulatory framework that will foster innovation while providing critical consumer protections. I am eager to work with my peers across the industry on this critical effort and know that our voice will be heard more loudly when we’re united. To Our UsersDeeply embedded in Binance’s DNA is the relentless focus on you, our users. You have my word that I will do everything in my power to ensure that you remain the center of all that we do. You should feel confident in the financial strength, security, and safety of the company. I am fortunate to be taking on the leadership of a business whose fundamentals are very strong. Not only does Binance continue to operate the world's largest cryptocurrency exchange by volume but our capital structure is debt-free, our expenses are modest, and, despite the low transaction fees we charge our users, we have robust revenues and profits. But most importantly, we take our responsibility as a custodian very seriously and maintain 1:1 backing for every user asset. Your assets are protected. From our proof-of-reserves system, which we have continuously improved since it was first implemented more than 12 months ago, to our Secure Asset Fund for Users (SAFU) emergency fund, we are committed to ensuring you feel secure in the integrity of our platform.The Future of Web3I am deeply committed to the promise of blockchain, such as the opportunities for increased financial inclusion, cross-border remittances, and reduced transaction costs. I also see the opportunity to empower individuals to have more control over their personal data and to foster innovation through decentralized applications. To that end, I intend to drive growth and the adoption of Web3, continuing efforts to build an ecosystem that provides access to world-changing financial technologies.Making this ambitious vision of a better Web a reality will be impossible without promoting regulatory innovation in a collaborative way. I believe that the years spent at the helm of the Abu Dhabi Global Market, one of the UAE’s foremost international financial centers, equipped me for this component of my new job really well. I am proud to have driven the creation of what is widely regarded as one of the most progressive and forward-thinking regulatory regimes for digital assets in the world. Undoubtedly, this experience gives me the nuanced perspective on the regulatory landscape necessary to lead Binance into the new chapter of its history.I am eager to jump headfirst into my new role and know there will be many more opportunities for me to share my thoughts with the community through blogs and through the many industry conferences and events around the world. As we usher in the next phase of Binance’s responsible growth, I am excited for the opportunity to engage in a meaningful conversation with global policymakers, to ensure crypto investors remain confident in the industry’s future, and to engage and educate the next billion users so that we may work to ensure the long-term sustainability of crypto. Please support me in this journey. Stay tuned. You will hear from me again here soon!Further ReadingBio: Richard Teng, Binance’s New CEOBinance Announcement: Reaching Resolution With U.S. Regulators