In the ongoing bullish market sentiment, the world’s fifth-biggest meme coin, Floki Inu (FLOKI), has garnered massive attention from investors, whales, and traders due to its impressive performance. Today, on June 3, 2024, FLOKI once again experienced a massive 15% price surge in the last 24 hours. This surge highlights investors’ and traders’ interest and confidence in FLOKI.
This is why FLOKI is 15% up today
According to expert technical analysis, FLOKI is looking bullish. Observing the chart, it has been noted that FLOKI has been consistently following and moving in a higher high and higher low pattern since April 2024. There is an expectation that in the coming days, FLOKI could surge over 10% to the upside and may hit $0.000314, making a new high.
Besides the technical analysis, it has been observed that FLOKI is following the same pattern that PEPE experienced earlier. Currently, FLOKI is trading near $0.00028, and in the last 24 hours, it has experienced a massive over 15% upside momentum. Looking at the longer-term performance, FLOKI has gained over 7% in the last 7 days due to price correction and lower lows it experienced. In the last 30 days, it surged nearly 70%.
In addition to the impressive price surge, today FLOKI’s 24-hour trading volume increased by 105%, highlighting investors’ interest and confidence. This massive price surge occurred following the approval of a Spot Ethereum ETF (Exchange Traded Fund) in the United States by the Securities and Exchange Commission (SEC).
Ethereum-based tokens price surge
Following the ETF approval, FLOKI is not the only meme coin to experience a massive upside move; other Ethereum-based tokens, including NOT, PEPE, AAVE, ONDO, and PENDLE, have also experienced significant upward movements.
However, other meme tokens, including WIF, BONK, and PEPE, have also experienced price surges of over 7%, 8%, and 5%, respectively, in the last 24 hours. The world’s biggest meme coin, DOGE, also experienced a price surge of over 3.5% in the last 24 hours. Beyond the crypto-meme industry, the world’s top cryptocurrencies, Bitcoin, Ethereum, and Binance Coin, have also experienced price surges of 2.5%, 1.2%, and 6%, respectively, in the last 24 hours.
