Floki Soars: Exchange Reserves Plummet as Social Dominance Hits Fever Pitch

Memecoin mania isn't dead—it's just wearing a Viking helmet. Floki's price surges as traders yank tokens off exchanges, signaling a supply squeeze while social media buzz hits critical mass.

Exchange exodus accelerates

Crypto's favorite shiba inu knockoff now faces dwindling liquidity as holders move coins into cold storage—because nothing says 'sound investment strategy' like meme-fueled diamond hands.

Social volume goes parabolic

Twitter and Telegram can't stop barking about Floki, proving once again that in crypto, the louder the hype, the harder the pump. Just don't mention what usually follows.

The memes strike back

While Wall Street obsesses over P/E ratios, degens are rewriting the playbook: one part scarcity narrative, two parts viral frenzy. Will it last? Like all good Viking raids—enjoy the plunder while it lasts.

Floki’s price also jumped as the volume of exchange balances continued its downward trend, reaching the lowest level since August last year. There were 1.93 trillion tokens in exchanges, down from 2.18 trillion in November last year. Falling exchange balances is a sign that investors are no longer dumping their holdings.

Meanwhile, the top 100 addresses have continued accumulating Floki, a sign that they expect the price to continue rising. These holders have boosted their positions by 16% in the last 12 months to 8.93 trillion tokens.

Floki’s rebound also mirrored the performance of other top meme coins that rallied. Bonk (BONK) rallied by 59% in the last seven days, while Useless Coin has soared by 40% in the same period.

Floki price technical analysis

The daily chart shows that the Floki token has rebounded in the past few months, moving from a low of $0.00004570 to $0.000080. It has moved above the 50-day Exponential Moving Average, while the Relative Strength Index and the MACD have all pointed upwards.

Floki’s price has formed a symmetrical triangle pattern, with the two trendlines nearing their confluence level, which may lead to a breakout. The next point to watch will be $0.00010, the upper side of the triangle. A MOVE above that level will point to more upside, potentially to $0.0001230, its highest point in March.