Large transactions on the Floki [FLOKI] network have exploded

This signals a strong resurgence in whale and mid-tier investor activity. Additionally, Open Interest has spiked 30.73%, reaching $33.69 million

Large transactions on the Floki [FLOKI] network have exploded, with $100k-$1M volume soaring by more than 1700%. This signals a strong resurgence in whale and mid-tier investor activity.

Additionally, Open Interest spiked 30.73%, reaching $33.69 million, showing a sharp uptick in leveraged long positions.

At the time of writing, FLOKI was trading at $0.0001045 after gaining 11.03% in the past 24 hours. This convergence of capital inflows and aggressive trading behavior underpinned the current bullish momentum.

Development activity spikes- Renewed focus?

FLOKI’s development activity has sharply increased after months of dormancy. As of press time, the development activity metric hit 1.67, marking the highest level in months.

This suggested that the team may be actively building or preparing to roll out new features or upgrades.

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Historically, such spikes in development activity precede network announcements or integrations, further energizing market sentiment.

Therefore, this renewed technical progress may provide additional narrative support for FLOKI’s current price rally.

Valuation metrics flash early warning signs

FLOKI’s MVRV Z-score was 1.01 at press time, crossing back into the profitable territory for average holders. This marked a notable recovery from sub-zero values in April, when long-term holders were largely underwater.

A rising MVRV indicates that recent buyers are beginning to see gains, which can fuel continued confidence.

However, this also brings a risk of profit-taking if the metric climbs too high, so monitoring its trend remains essential to assessing sustainability.

Despite the bullish rally, the NVT ratio has soared to 617.98, suggesting that network value is far exceeding actual transaction volume.

Such a high ratio often signals overvaluation or speculative froth rather than organic utility growth.

If value transfer fails to catch up with the rising price, this could lead to corrections.

Therefore, while investors are clearly optimistic, a cooldown or consolidation may be necessary to reset valuation metrics and restore equilibrium.

FLOKI eyes higher technical targets

AMBCrypto’s look at the liquidation heatmap revealed that FLOKI broke above a cluster of short positions concentrated between $0.000095 and $0.000098.

This breach likely triggered a cascade of liquidations, accelerating the upward move.

With the current price hovering above $0.000104, additional liquidations may occur if bullish momentum sustains.

These squeeze-driven rallies are often short-lived unless backed by strong demand, so observing follow-through volume will be crucial in the next few days.

The price, having surpassed the 2.618 Fib extension ($0.00