• FLOKI seems to have a large number of holders currently in the red.

  • All eyes are on the whales to see if they will help push the price up.

The past week has been a turning point for the memecoin community, as this community has been struggling to attract investors due to recent investor preference for less volatile, more stable assets. FLOKI has particularly become a typical example of this shift.

In just seven days, FLOKI achieved an impressive 22% growth, showing signs of recovery that align with a broader shift in the memecoin market. So, as green shoots of growth begin to appear, does this signify the start of a larger-scale rebound for FLOKI?

FLOKI is taking high-risk bets.

The severe impact in mid-December dealt a heavy blow to the cryptocurrency market, with both high-end and mid-sized assets suffering from the sharp decline of Bitcoin [BTC].

However, just a week ago, the situation was very different. As BTC surged to $99,000 for the first time, altcoins soared, while meme tokens took a backseat.

Fast forward to the last week of the fourth quarter, the memecoin market has seen a surprising return, with charts showing an upward trend and rumors of a potential 'super cycle'. However, the journey for FLOKI is far from over.

As of the time of writing, its stock price is $0.0001800, still a long way from the recent high of $0.000300. Although the recent rise has sparked some optimism, FLOKI needs sustained momentum to rebuild investor confidence and return to profitability.

The risks are high—about 12,000 addresses hold 30.7 billion FLOKI tokens, purchased at an average price of $0.000259, and now they are all underwater.

Clearly, these holders are keeping a close watch. Therefore, FLOKI is under pressure for a significant rebound. In fact, analysts predict that FLOKI could rise by 50%, which could push FLOKI to $0.00027, but this is no easy task.

High consistency is required.

From FLOKI's daily price chart, it is clear that the token has maintained a relatively consistent price trend. Nevertheless, market psychology plays a significant role in the memecoin market. This space is known for its extreme volatility, and FLOKI is no exception.

Currently, about 72% of FLOKI's total supply is held by a small number of large holders, who collectively control about 71.7 trillion tokens. These whales are clearly playing a short-term game aimed at quick profits.

Therefore, while a continued rise to $0.00030 sounds enticing, it may be overly optimistic. A more achievable short-term target, if conditions are right, might be $0.000260.

That said, do not expect memecoins to rebound overnight. Whales are known for entering the market at low prices and selling at high prices—if this pattern continues, the $0.000260 level might face resistance, potentially triggering a sell-off.

Given the stakes, the next few days will be crucial for FLOKI and the broader memecoin market.