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Wall Street JournalEN
Floki Jumps 23% In 7 Days: What's Powering The Relative Strength Against Dogecoin, Shiba Inu?
Floki (CRYPTO: FLOKI) is up 7% in the past 24 hours and 23% over the past 30 days, showing notable relative strength, with traders and analysts pointing to bullish momentum, fresh utility and key partnerships as drivers.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Floki (CRYPTO: FLOKI) | $0.00008707 | $836.3 million | +4.3% | +23.1% |
| Dogecoin (CRYPTO: DOGE) | $0.1700 | $25.3 billion | -4.8% | -6.8% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001293 | $7.6 billion | -4.9% | -4.9% |
Trader Notes: Crypto trader Posty noted price action is "playing out almost perfectly," saying it's the only top 10 meme coin in the green on Wednesday.
Analyst CRG flagged that Floki is holding above the daily cloud, showing continued bullish strength.
Glauber Contessoto outlined five factors behind Floki’s staying power, saying it is the only meme coin besides DOGE with its own ETP, survived multiple cycles like DOGE and SHIB.
It is also the largest meme coin on Binance Smart Chain and the only meme coin to break all-time highs.
Trader Unipcs called Floki's resilience "interesting," highlighting its relative strength compared to peers.
Statistics: IntoTheBlock data shows an increase of 5% in large transaction volume and transactions greater than $100,000 increased from 15 to 16. Around 53% Floki holders are making profit at current levels.
Coinglass data shows Floki open interest decreased 1.8% while derivatives trading volume narrowed by 25.6%.
Community News: In an X post on April 28, Floki recently unveiled a partnership with Rice Robotics, announcing the upcoming launch of an AI-powered companion robot, the FLOKI minibot M1.
The robot will be natively integrated with Rice's decentralized RICE AI protocol, marking another utility-backed milestone for the Floki ecosystem.
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