🫨🐋🐋FLOKI Price Jumps As Whale Buys 19 Bln Coins, Rally To Continue?
The rising price of the leading meme coin #Floki attracted the attention of investors today with a notable increase of over 2%. Sunday Dec's surge is also particularly noteworthy as it occurred in the midst of a broader downturn in the crypto market and sparked debate among investors about the driving forces behind floki's sudden rally. Moreover, the meme coin sector also retreated, reflecting the broader Sunday trend.
The Whale Has Accumulated 19 Billion #FLOKI
In a surprising turn of events, a whale identified by the wallet address "0x864 ...“9e814" has made significant moves in the FLOKI Sunday, accumulating an astonishing 19 billion coins. This purchase, detected by the famous on-chain transaction tracker Scopescan, sent shockwaves through the crypto community, increasing FLOKI's price amid a bearish market sentiment.
Meanwhile, the strategic accumulation of the FLOKI whale involved the withdrawal of a total of 3.28 billion coins worth about $ 18.76 million from the three leading crypto exchanges (Decoin, OKX and others). Gate.io . In particular, this significant coin movement has fueled speculation about the whale's intentions and their potential impact on floki's future price trajectory.
In addition, the data provided by Scopescan showed that the withdrawal and deposit rate for FLOKI in the last 24 hours was 86% and October 14, respectively. This imbalance indicates a significant outflow of the meme coin from the stock exchanges, which indicates a strong bullish feeling among owners and potentially contributes to the price increase of the coin Dec.
