After Bullish Week Floki Returns To Market Trend Falling 20%. Is $FLOKI Going To Zero?
The $1.2 billion market cap meme coin Floki ($FLOKI), the sixth biggest in the $42 billion meme coin sector, has overnight fallen 20% to trade at $0.0001268.
These were the biggest losses posted by a top fifty meme coin in the last 24 hours.
In contrast, sector leader Dogecoin ($DOGE), added 1.5% to its price overnight and now trades at $0.1021.
Over the last seven days, original meme coin Dogecoin shed 4.1%. These losses were a little lighter than those felt by Floki meme holders, whose tokens dropped 7.4% over the period.
Floki crashed harder than any of the top 75 meme coins, or any other cryptocurrency in the top 100 by market capitalization. The price spiral looks like the result of a 2.5-year-dormant whale wallet returning and dumping 15.22 billion Floki ($2.27 million) into Binance.
The $FLOKI price is
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