Advertisement
Advertisement

Floki Inu High on BSC and Ethereum Whales’ Buying List 

By:
Varuni Trivedi
Updated: Feb 16, 2022, 17:28 UTC

Floki Inu ranked in the top 10 purchased tokens by both the 1000 biggest ETH and BSC whales, but the token's price trajectory still looks shaky.

FXempire, Floki Inu, Crypto, Shiba Inu

In this article:

The dog-themed meme coin, Floki Inu, which has received speculative looks in the market finally had the attention of Ethereum and Binance Smart Chain whales.

In the last 24-hours, FLOKI ranked in the top 10 purchased tokens by both the 1000 biggest ETH and BSC whales. 

Floki’s Newfound Fame

Floki Inu, named after Elon Musk’s Shiba Inu dog gained considerable social attention recently after a dogfight broke out on social media on Sunday as cryptocurrency brokerage eToro’s Super Bowl ad aired which briefly featured an unnamed Shiba Inu dog. 

As one may have thought, crypto Twitter saw interesting fights between Shiba and Floki supporters, both sides claiming the advertisement as a representation of their own favorite Shiba Inu-themed crypto.

However, the same may have acted in favor of FLOKI as Ethereum and BSC whales started to eye the dog-themed token. 

Data aggregator platform WhaleStats, Tweeted that FLOKI was now on the top 10 purchased tokens by both 1000 biggest ETH and BSC whales in the past 24 hours. 

— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 16, 2022

In a series of Tweets, it was revealed that large amounts of FLOKI were purchased by both BSC and ETH whales. Just an hour ago, from press time, a BNB whale ranked 72 bought 80,000,000,000 Floki Inu worth $3.25 million. 

That said, Floki wasn’t the only coin ETH whales seemed to like, they were also actively purchasing WOO, FTX Token, MATIC, LINK, among other coins. 

Still Walking on Thin Ice

While FLOKI was favored by some of the largest Ethereum whales by the WhaleStats scale, the larger narrative around the coin was still shaky. Despite the announcement by Floki developers about its transition into a DAO, many in the space still consider investing in the currency a gamble. 

Nonetheless, the team behind Floki is trying hard to reverse the meme-coin narrative by venturing into the NFT and developing a currency for a metaverse ecosystem. 

Although there have been efforts by the development team of the meme-coin and despite the recent support from ETH and BSC whales, FLOKI still stood at 2928 rank by market cap. In fact, its price too saw no major uptick and stood at $0.0000408 registering 3.62% daily losses.

About the Author

A Journalism post-graduate with a keen interest in emerging markets across South East Asia, Varuni’s interest lies in the Blockchain technology. As a financial journalist, she covers metric and data-driven stories with a tinge of commentary, and strongly believes in HODLing.

Did you find this article useful?

Advertisement