Floki Zooms Up 15% In 7 Days: Will It Outperform Dogecoin, Shiba Inu?

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Zinger Key Points

Floki FLOKI/USD is gaining traction as major meme coins Dogecoin DOGE/USD, Shiba Inu SHIB/USD and Pepe (PEPE) rally.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
Floki FLOKI/USD$0.00007192$692.4 million+7% +15.5% 
Dogecoin DOGE/USD$0.1970$29.3 billion+3.7% +14.1% 
Shiba Inu SHIB/USD$0.00001473$8.7 billion+8.5% +15% 

Trader Notes: Prominent trader Unipcs emphasized that meme coins are outperforming other sectors, proving they are here to stay despite skepticism.

Despite the widespread disdain for meme coins—many see them as useless and hope for their demise—the reality is that meme coins are here to stay.

He also believes that meme coins have proven to be the best indicator of risk appetite in this market.

In another post, the trader highlighted Floki’s strength: it’s down 75% from its all-time high but remains one of the most popular and mainstream multi-cycle meme coins.

Historically, it lags behind SHIB and DOGE when they move but then outperforms.

It is also the only meme coin from the last cycle to hit a new all-time high this cycle ($3.5 billion market cap)—a milestone even DOGE and SHIB haven’t achieved.

Highlighting Floki's narrative, Unipcs pointed to the ETF is set to launch on a major European stock exchange and flagship metaverse game is ready to go live soon.

Another trader noted that Floki's rally is just beginning. He predicts three major sell walls, and once those are broken, the real bull market will start.

Statistics: IntoTheBlock data shows Floki Inu large transaction volume having dropped by 31% in a single day, while transactions greater than $100,000 dropped from eight to four. 52% of Floki holders are currently in profit, 46% are making a loss.

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Image: Shutterstock

Got Questions? Ask
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