🤔FLOKI Price Jumps 23% As Social Sentiment Soar, Will FLOKI Retest ATH?
🚀 Floki Price Surge
Floki's price jumped over 23% to $0.0002812, and it has risen more than 39% in the past week, nearing a significant milestone.
🤖 FLOKI Trading Bots and Coinbase Influence
Key drivers of FLOKI's price include new trading bots on Telegram for Floki holders on the BNB Chain, which charge a 1% transaction fee. Half of this fee is used to buy back FLOKI, reducing its supply. Additionally, FLOKI's listing on Coinbase Perpetuals has boosted its popularity, as Coinbase is a major crypto platform in the US.
🔥 Token Burn Strategy
To manage its large supply, FLOKI recently burnt 15 billion tokens, following a similar approach as Shiba Inu (SHIB).
📈 Drive to All-Time High
FLOKI is aiming to retest its all-time high of $0.0003437, currently just 17% below this mark. Sustained social sentiment could help it reach this goal, mirroring the success of rivals like PEPE in the memecoin market.