FLOKI

when

Billion

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investor-stakes-14-billion-floki-inu-tokens/" data-wpel-link="internal">Investor Stakes 14 Billion Floki Inu Tokens</a><br></p>
<p style="text-align: justify">A wallet with the extension 0x403 recently staked 14 billion Floki Inu (FLOKI) tokens worth $2.36 million in the Floki ecosystem. This move by the wallet owner follows a period of accumulation that began about two years ago when the price was at $0.00001207. The current profit for this individual is calculated to be $2.19 million, reflecting a significant gain of 1,293%.</p> 
<h2 style="text-align: justify" id="floki-price-and-volume-increase">FLOKI Price and Volume Increase</h2> 
<p style="text-align: justify">The staking of such a large amount of <strong>FLOKI</strong> tokens by the mentioned investor could have a noticeable impact on the price. The reduction in circulating supply due to the staked tokens could create scarcity and potentially drive the price up.</p> 
<p style="text-align: justify">Such a significant staking action could also positively influence other investors and contribute to a price increase.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363615" src="https://coin-turk.com/wp-content/uploads/2024/06/smart-money-coin-turk-com.png" alt="" width="651" height="675"></p> 
<h2 id="current-floki-coin-price">Current Floki Coin Price</h2> 
<p style="text-align: justify">Following the recent news, FLOKI has seen a 3.52% increase in the last 24 hours, reaching $0.0001811. FLOKI’s market cap has similarly increased, now standing at $1.73 billion.</p> 
<p style="text-align: justify">Additionally, FLOKI’s trading volume has risen by 12%, reaching $307.15 million. The lowest and highest prices of FLOKI in the past 24 hours were $0.0001661 and $0.0001906, respectively.</p> 
<h2 style="text-align: justify" id="whales-and-floki-inu">Whales and Floki Inu</h2> 
<p style="text-align: justify">Another piece of <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data reveals</a> that whales hold 64.86% of the total FLOKI supply. Considering that whales tend to buy and hold <a href="https://en.coin-turk.com/important-developments-in-the-crypto-market-this-week/" data-wpel-link="internal">cryptocurrencies</a> for long-term investments, their large holdings could provide significant price stability for <strong>FLOKI</strong>.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-363616" src="https://coin-turk.com/wp-content/uploads/2024/06/floki-whale-coin-turk-com.png" alt="" width="413" height="390"></p> 
<p style="text-align: justify">Moreover, this behavior by whales could encourage smaller investors, creating a bullish sentiment and contributing to a potential price increase due to the growing scarcity.</p> 
<p style="text-align: justify">Considering all these factors, despite the declining <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>, FLOKI currently shows a strong outlook, with whales seemingly controlling the market and attempting to push the price upwards.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investor-stakes-14-billion-floki-inu-tokens/" data-wpel-link="internal">Investor Stakes 14 Billion Floki Inu Tokens</a></h5>

Investor Stakes 14 Billion Floki Inu Tokens

Table of Contents

COINTURK NEWS

Other articles published on Jun 20, 2024

SHIB Whale Withdraws $6.6M from Binance Amid Signs of Potential Reversal

Bring, The First White-label Crypto Cashback Provider, Expands Funding To $1.1 Million (20 Jun)

XRP bulls aim for $0.5 amid market uncertainty

New Solana Memecoin Daddy Musk (DADMUSK) to Explode 14,000% Within Two Days – Should You Buy?

Another Shock to Bitcoin Exchange Binance! After Nigeria, Criminal News came from this country to...

GEGE Price Prediction: GEGE Surges 153%, But Traders Shift Focus To A Solana Rival That’s Listing...

Join our free newsletter for daily crypto updates!