Floki Inu, a renowned dog-based meme coin, nabbed significant attention among crypto market enthusiasts across the globe today, March 5, as notable whale activity hovered over the crypto horizon. As per insights unveiled by the tracker Lookonchain, a staggering 28.19 billion FLOKI on the move piqued the attention of the broader crypto market as the token surged phenomenally this month.
Meanwhile, FLOKI traded with quite the volatility as of writing, birthing speculations over the whale transaction’s potential impact on FLOKI’s tokenomics. However, derivatives data hinted at a bearish sentiment prevailing within the market, stirring further inferences among crypto market traders and investors globally.
A Closer Look Into The Report
According to the data unveiled by LookonChain, 28.19 billion FLOKI, worth $4.29 million, was withdrawn from Binance, the world’s leading cryptocurrency exchange, today, by an unknown address, 0x15FD. This transaction promptly gained global traction as t
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