FLOKI 4x Volume Surges as Price Explodes 25%: What’s Going On?

Updated 9 hours ago by · 2 mins read

Meme coin FLOKI is stealing the spotlight after a 25% daily surge, driven by a 400% spike in trading volume and fresh ecosystem growth.

While the broader crypto market enjoyed modest gains on July 17, FLOKI FLOKI $0.00013 24h volatility: 1.0% Market cap: $1.22 B Vol. 24h: $1.29 B emerged as the day’s top performer, rallying 25% in 24 hours. According to data by CoinMarketCap, the meme coin’s 24-hour trading volume soared 400% to $824 million, signalling renewed investor interest.

In a recent interview, FLOKI’s community relations officer, Pedro Vidal, noted the project’s continuous expansion with “consistent innovation.”

Notably, FLOKI’s play-to-earn game Valhalla, which launched on opBNB mainnet on July 1, recently surpassed 1 million transactions and saw 125,000 NFTs minted. Vidal highlighted this utility-driven milestone, which has attracted both meme coin speculators and ecosystem supporters.

At the time of writing, FLOKI is trading around $0.00013, climbing over 70% in the past month and adding over $510 million to its market cap. The recent rally aligns with the broader memecoin sector’s momentum, which has seen a $18 billion increase in valuation since the beginning of July.

FLOKI Price Breakout

On the weekly chart, FLOKI has broken through two major resistance barriers that had held since February: the $0.000110 horizontal resistance and a long-standing diagonal trend line.

FLOKI weekly price chart with key levels | Source: TradingView

After failing to reclaim these levels in May, the token gained momentum in June, resulting in a decisive breakout this week.

Despite the surge, FLOKI remains 62% below its all-time high of $0.0003462 set in June 2024, leaving room for further upside. Popular crypto analyst Javon Marks expressed bullish sentiment, predicting another potential 100% gain if momentum sustains.

Meanwhile, the memecoin market’s total valuation has surged to $73 billion, up 29% from $55 billion at the end of June. In the past week, leading meme coins like Dogecoin DOGE $0.21 24h volatility: 0.1% Market cap: $31.37 B Vol. 24h: $3.24 B and Shiba Inu SHIB $0.000014 24h volatility: 3.2% Market cap: $8.27 B Vol. 24h: $439.13 M posted notable gains.

However, FLOKI led the charge with a 45% weekly surge, outperforming many top meme coins, including Pepe PEPE $0.000013 24h volatility: 6.4% Market cap: $5.45 B Vol. 24h: $6.17 B and Fartcoin FARTCOIN $1.46 24h volatility: 7.7% Market cap: $1.45 B Vol. 24h: $582.74 M . The ninth-largest meme coin has gained 25% in its market cap today, standing at $1.24 billion.

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