Memecoins led a broader crypto market recovery, with the sector’s total value rising to $35.3 billion. Floki saw significant gains, rising over 12% after four days of accumulation, with its trading volume surging 135% to $70.9 million as whales and retail investors showed renewed interest.
The memecoin sector’s total market value rose to $35.3 billion, driven by $5.9 billion in trading volume. Amid this shift, significant capital flowed into projects like Floki.
Floki successfully held support at $0.00003 and rose to $0.0000359. At the time of reporting, it traded at $0.000034, representing a 12.08% daily increase.
Its 24-hour trading volume rose 135% to $70.9 million. The memecoin’s market capitalization increased to $329 million, reflecting clear capital inflows.
Over the past four days, Floki recorded a positive Buy Sell Delta. The coin saw 349 billion in buy volume compared to 326 billion in sell volume.
This resulted in a buy-sell delta of 23 billion, “a clear sign of aggressive spot accumulation.” Whale buy volume also rose substantially to 203.4 billion.
Data from Nansen showed the memecoin’s top holders increased their total to 9.7 trillion tokens. Top addresses added 57.56 billion FLOKI tokens while offloading only 33.8 billion.
Floki‘s Relative Strength Index (RSI) rose to 47, a significant jump from 31 two days prior. The coin also crossed its short-term moving average, the EMA 20.
Such market conditions position Floki favorably for further gains. If bullish momentum is sustained, the memecoin could challenge the EMA50 resistance at $0.000039.
However, if underwater holders seek to realize profits, significant selling pressure could push prices back toward $0.000030. The recent activity indicates strong conviction from both retail and whale investors.
