Ethereum whales buy the Floki Inu price drop; what’s next?

The price of Floki Inu (FLOKI) has seen a drop of over 16% in the last 24 hours. This drop comes after building a huge amount of momentum over the past two days. However, the crypto meme has seen some decline over the past day. But it seems that the whales of Ethereum aren’t letting up.

JUST IN: $FLOKI @realflokiinu now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳

Check the top 100 whales here: https://t.co/N5qqsCAH8j

(and hodl $BBW to see data for the top 5000!)#FLOKI #whalestats #babywhale #BBW pic.twitter.com/pVohUz4bGj

WhaleStats (tracking crypto whales) (@WhaleStats) February 18, 2023

Ethereum whales buy the plunge

WhaleStats, the whale monitoring platform, earlier this morning provided transaction data for the first 100 whales of Ethereum (ETH). According to these results, Floki Inu (FLOKI) is the top 10 most purchased tokens among the top 100 Ethereum whales over the past 24 hours.

JUST IN: $LDO @lidofinance now on top 10 purchased tokens among 500 biggest #ETH whales in the last 24hrs 🐳

We’ve also got $UNI, $SHIB, $IMX & $LPT on the list 👀

Whale leaderboard: https://t.co/tgYTpOm5ws#LDO #whalestats #babywhale #BBW pic.twitter.com/qMfgEmcmd3

WhaleStats (tracking crypto whales) (@WhaleStats) February 18, 2023

In addition, Floki has switched to GMT for the most traded token among the top 500 BSC whales. According to data provided by WhaleStats, for a brief moment, the token surpassed DOGE, SHIB and GMT in the most traded token category. FLOKI secured the second position in the ranking after being listed on the Kucoin exchange.

Floki’s price dropped more than 16 percent.

According to information from CoinMarketCap, at the time of writing this article, the price of a FLOKI token is $0.00004986. As a result, its value has decreased by 16.60% in the past 24 hours. Despite this, in the previous week, the value of the meme currency climbed by over 120%.

The 24-hour trading volume for Floki is in negative territory and currently stands at $200,937,405, down 43.9% over the past 24 hours. With a market value of $444,611,349, the token ranks 213th on the list of crypto-currencies with the largest market capitalization. At the same time, the outstanding supply is approximately 8,917,452,316,422 FLOKI, according to crypto-currency market tracker CoinMarketCap.