- FLOKI seems to be carrying a significant number of holders who are currently in the red
- All eyes are on the whales and whether they’ll help push the price higher
The past week has marked a turning point for the memecoin community, which has struggled to attract investors amid a preference for less volatile, more stable assets lately. FLOKI, in particular, stands out as a prime example of this shift.
With an impressive 22% surge in just seven days, FLOKI is showing signs of life, and its recovery is aligning with a broader shift in the memecoin market. So, as the green shoots of growth begin to emerge, could this mark the beginning of a bigger rally for FLOKI?
FLOKI in a high-stake gamble
The mid-December fallout hit the crypto market hard, with both high and mid-cap assets suffering the brunt of Bitcoin’s [BTC] sharp downturn.
However, just a week before that, the scene was vastly different. As BTC soared to $99k for the first time, altcoins surged, and meme tokens took a backseat.
Fast forward to the final week of Q4, and the meme…
