$FLOKI head’s straight to Valhalla 🚀🚀🚀🚀
This week, we witnessed FLOKI's price surge by over 75%, but many may not be aware of the reason behind it. Let me shed light on the matter. Floki's remarkable price pump in the past week is supported by robust technical factors.
The daily chart reveals a distinct breakout pattern, with $FLOKI surpassing the crucial resistance level at yet. However, the primary driver of FLOKI's bullish performance is the $10 million commitment from DWF Labs, a major player in digital asset market making and Web3 investments. This substantial investment follows a $5 million commitment made in May 2023.
Predictably, the market has responded positively to such a substantial investment from a respected institutional player like DWF Labs. Consequently, this has generated additional buying pressure from retail investors, propelling FLOKI's price even higher.
Is $FLOKI now the new king of MEME?
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