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BNB Whale Buys $3.4 Million Worth of FLOKI

Thu, 11/04/2021 - 13:03
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Arman Shirinyan
Anonymous BNB whale has bought $3.4 million worth of Floki coin following token's 30% rise
BNB Whale Buys $3.4 Million Worth of FLOKI
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An anonymous Binance Smart Chain whale has decided to purchase $3.4 worth of FLOKI meme cryptocurrency. The whale currently holds 12 billion FLOKI tokens in total.

Anonymous whale

An anonymous FLOKI supporter bought the token in small portions. The first purchase was made one day and 13 hours ago. The Floki whale initially bought only 218 thousand tokens but then added 10.5 million more to the wallet.

BscScan Data
Source: BSCScan

But the largest buying volume appeared yesterday when, within an hour, the anonymous whale bought approximately eight billion Floki tokens. The last transaction has been made 17 hours ago when the wallet ending in 7b75 collected an additional billion FLOKI.

How did the token react?

Currently, FLOKI is trading with a 16% price increase, but it has also retraced by 18% from the local top of $0.0004. The whale's actions have not actually reflected significantly on the price of FLOKI.

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According to CoinMarketCap, the token's daily trading volume remains around $166 million, which means that the whale's buying orders have only made around 2% and could not show a significant impact on the asset's price.

Meme currencies on the rise

Previously, meme-based community tokens and coins like Shiba, Elon and Floki received a great deal of attention from the industry, which resulted in up to 1,000% growth in a short period of time.

The meme-based FLOKI token was created in honor of Elon Musk's Shiba-Inu dog, named Floki. Previously, the project launched a massive marketing campaign in London, where people could see "Missed Doge? Get Floki" slogans on trains and buses.

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.