FLOKI Trade Size Analysis — 10th October 2024

FLOKI's price is currently consolidating right below its 0.000135 resistance. A break above this level could trigger a move toward 0.0002.

It was the perfect time to examine FLOKI's trades more closely and gather insights about buyers and sellers. Therefore, I analyzed almost 1 million FLOKI trades. Here's what I found out.

‣ The amount of buys exceeds the sells slighty by 3%. While the tracked data shows 484,000 buys, we have only 467,000 sells. 🟢

‣ On average, sell orders contain 2.24M tokens, while buys contain only 2.01M. 🔴

‣ When looking at larger trades, the buys exceed the sells. The tracked data show six sells with a volume between 50k-100k but eight buys! 🟢

‣ The picture gets even brighter when looking at trades between 100k-500k. In this case, the data shows two buys and 0 sells. 🟢

Overall, the data points to a healthy consolidation. While there are more buys, sellers tend to execute slightly higher positions. Moreover, bigger players tend to buy more at this level!