Floki (FLOKI) Whale Buying Frenzy Coming?

Memecoin Floki [FLOKI] has seen a sharp decline since hitting a high of $0.000206 three days ago. During this period, the memecoin has dipped to a low of $0.00016.

Memecoin Floki [FLOKI] has seen a sharp decline since hitting a high of $0.000206 three days ago. During this period, the memecoin has dipped to a low of $0.00016.

With the crypto market experiencing a massive dip, memecoins have been hit the hardest. However, this dip has created a buying opportunity for most investors, especially whales.

As such, large holders have been on a buying spree, capitalizing on the dip.

As such, large holders have been on a buying spree, capitalizing on the dip.

Is Floki set for a whale-driven rally?

According to AMBCrypto’s analysis, whales have been buying Floki heavily. When whales go on a buying spree, it reflects positive sentiment, as they anticipate a rebound in prices over the short term.

This trend is highlighted by a skyrocketing capital inflow from whales. Large holders’ netflow has surged by 1451%, rising from 12.8 billion to 199.6 billion. This indicates that whales are buying up Floki en masse.

This trend is highlighted by a skyrocketing capital inflow from whales. Large holders’ netflow has surged by 1451%, rising from 12.8 billion to 199.6 billion. This indicates that whales are buying up Floki en masse.

As such, the large holder’s netflow has surged from -2.42 billion to 164.7 billion. This shows that there’s more capital flowing into the asset than flowing out.

This activity by whales is further supported by an increase in the number of large transactions. According to IntoTheBlock, this surged by 62.5% over the past day.

Such a rise in transactions indicates that whales are actively engaging with the network.

Moreover, Floki’s supply held by whales has increased from 7.47 trillion to 7.79 trillion over the past two weeks. This reflects accumulation behavior from whales, as they buy when prices are low and sell when prices rise.

Finally, Floki’s MVRV Ratio has dropped to 2.51, signaling undervaluation concerns. When the MVRV ratio reaches this level, it indicates a buying opportunity where investors can acquire the memecoin cheaply.

Finally, Floki’s MVRV Ratio has dropped to 2.51, signaling undervaluation concerns. When the MVRV ratio reaches this level, it indicates a buying opportunity where investors can acquire the memecoin cheaply.

Historically, Floki has reversed to the upside when the MVRV drops below 2.5 and peaks when it hits 4.2. This suggests that the memecoin could see a trend reversal to an uptrend.

Realistic or not, here’s >FLOKI’s market cap in BTC’s terms

Despite whales actively buying the memecoin, its price has continued to decline. At the time of writing, Floki was trading at $0.0001646, down 4.29% on daily charts and extending a month-long bearish trend.

Although whale accumulation is yet to reflect on Floki’s price charts, it positions the memecoin for a potential recovery.

Although whale accumulation is yet to reflect on Floki’s price charts, it positions the memecoin for a potential recovery.

If whales continue to buy and hold, Floki could recover and return to the $0.00018 price level. However, if the current trend persists, the memecoin could drop to $0.00015.