FLOKI

<p>The prominent meme token $FLOKI’s price has dipped by 17.7% during the recent twenty-four hours. Spot On Chain, a popular on-chain analytics company, has disclosed that the 17.7% decline of <a href="https://blockchainreporter.net/floki-inu-price-prediction-can-this-memecoin-surpass-its-ath/" rel="noopener noreferrer nofollow">Floki</a> takes place simultaneous to a formerly dormant wallet’s reactivation as it has transferred $2.27M to Binance. The analytics provider took to its official social media account to provide the details of the respective development.</p><h2 id="header-0">A Dormant FLOKI Wallet Transacts $2.27M to Binance, Coinciding with a Major 17.7% Dip</h2><p>In its new X post, Spot On Chain has revealed that the wallet associated with the Floki Inu project has recently awakened. This occurs following its inactive status for almost 2.5 years. Just 9 hours back, it suddenly deposited an enormous amount of up to 15.22B $FLOKI tokens into Binance. The respective coins accounted for $2.27M in total. Such a big transaction occurred just before a massive price decline. This has raised speculations and concerns about the likely reasons behind the incident.</p><p>The 15.22B $FLOKI coins originally emerged from the deployer contract of Floki to the respective wallet in 2022. That was the time when $FLOKI was reportedly changing hands at a substantially decreased price of almost $0.0000307. This makes the present transfer even more noteworthy in the case of value and volume. This token shift’s timing has paved the way for broad-level speculation among traders and investors.</p><h2 id="header-1">The Sudden Reactivation of the Dormant Wallet Heightens the Mysterious Nature of the Situation</h2><p>A few people are questioning if this event occurred as a mere coincidence or a planned sell-off. On the other hand, some are highlighting concerns about the potential implications of this scenario for the wider market. As <a href="https://spotonchain.com/" rel="noopener noreferrer nofollow">Spot On Chain</a>, the fact that the wallet stayed dormant for a significant timespan just to activate just before a huge price movement enhances the mysterious nature of this scenario.</p>

Floki Down 17% After Dormant Holder Dumps 15B Coins

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