FLOKI Hits 2-Month High – So Why Are Whales Dumping the Rally?

FLOKI’s price surge to a two-month peak has traders buzzing—but blockchain data shows whales cashing out at the top. Classic ’buy the rumor, sell the news’ behavior or something darker brewing?

Behind the pump: Meme coin mania rides again as Bitcoin stabilizes, but smart money’s already booking profits. On-chain analytics reveal seven-figure sell orders hitting exchanges within minutes of the local top.

The cynical take: Another ’retail gets left holding the bag’ special—just in time for Friday. Because nothing says decentralized finance like whales playing pinata with your portfolio.

Floki whale activity soars

According to IntoTheBlock data, FLOKI whales have returned to the market. As such, Whale Transactions have spiked by 185.7% to hit a 2-month high of 20 transactions.

Such a surge naturally hinted at aggressive network engagement, either via accumulation or profit-taking.

Source: IntoTheBlock

Looking at Large Holders Inflow, FLOKI whales have bought 61.22 billion tokens, reflecting strong buying activity.

While whales are buying, they are selling even much more. They sold 71.62 billion tokens over the past day.

Thus, net whale inflow flipped negative, landing at -10.4 billion tokens.

Source: IntoTheBlock

We can see this growing negative imbalance not only from whales but also in the spot market. Spot Netflow has remained positive over the past day, hitting a high of $2.1 million.

This signals to more inflows to exchanges than withdrawals.

Source: IntoTheBlock

Any impact on price charts?

While whales are active, it seems they are increasingly active on the sell side rather than the buy side. The trend is even more evident in the spot market, with more sellers than buyers.

This pattern suggested that investors, wary of sustainability, were locking in profits rather than betting on a continued surge.

In fact, the sharp upswing seemed largely speculative, rather than rooted in strong fundamentals. Therefore, the memecoin frenzy that has captured the market over the past week, is positively impacting FLOKI prices.

If the current market conditions persist, FLOKI will rise to $0.000090 and then attempt another leg up to $0.00010 before a correction.

The point is, the rally is unsustainable, and a correction is inevitable. If a retrace emerges here, we could see a drop to $0.000072.