Robinhood Listing Sparks Double-Digit Rally for Floki Inu
- FLOKI surged 11% to $0.000118 after its August 8 Robinhood listing, with trading volume jumping 125% in 24 hours.
- Whale holdings dipped from 30.5B to 28.94B, while exchange supply fell 5.1%, hinting at reduced selling pressure.
- Futures open interest rose 20% to $53.6M, setting the stage for a possible short squeeze if prices keep climbing.
Floki Inu (FLOKI) saw its price jump 11% to $0.000118 on August 8 after landing a spot on Robinhood, one of the biggest retail trading platforms in the U.S. The listing quickly amplified FLOKI’s exposure to a massive audience of over 25 million users, sending trading volume soaring by 125% in just 24 hours. For the meme coin, it’s more than just a price pump — it’s a visibility boost that could keep liquidity high in the short term. Still, history shows these surges often face cooling periods, so traders are keeping one eye on the charts.
Whale Moves, Supply Shifts, and Market Signals
While retail interest climbed, whale data told a slightly different story. Nansen reported that large holders trimmed their positions, dropping from 30.5 billion to 28.94 billion FLOKI over the past month — a sign some took profits during the rally. Yet, the amount of FLOKI sitting on exchanges fell by 5.1% to 2.12 trillion tokens, suggesting less immediate selling pressure. That shrinking supply, combined with fresh demand from Robinhood users, could be laying the groundwork for further price momentum.
Derivatives Market Hints at Bullish Pressure
In the futures market, sentiment leaned optimistic. Open interest spiked 20% to $53.6 million, according to CoinGlass, showing more traders are positioning for possible upside. Interestingly, the long/short ratio sits at 0.86, meaning shorts slightly outweigh longs — a setup that could trigger a short squeeze if FLOKI keeps climbing. If that happens, it could add an extra burst of buying pressure in the days ahead.
The post Robinhood Listing Sparks Double-Digit Rally for Floki Inu first appeared on BlockNews.
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Robinhood Listing Sparks Double-Digit Rally for Floki Inu
- FLOKI surged 11% to $0.000118 after its August 8 Robinhood listing, with trading volume jumping 125% in 24 hours.
- Whale holdings dipped from 30.5B to 28.94B, while exchange supply fell 5.1%, hinting at reduced selling pressure.
- Futures open interest rose 20% to $53.6M, setting the stage for a possible short squeeze if prices keep climbing.
Floki Inu (FLOKI) saw its price jump 11% to $0.000118 on August 8 after landing a spot on Robinhood, one of the biggest retail trading platforms in the U.S. The listing quickly amplified FLOKI’s exposure to a massive audience of over 25 million users, sending trading volume soaring by 125% in just 24 hours. For the meme coin, it’s more than just a price pump — it’s a visibility boost that could keep liquidity high in the short term. Still, history shows these surges often face cooling periods, so traders are keeping one eye on the charts.
Whale Moves, Supply Shifts, and Market Signals
While retail interest climbed, whale data told a slightly different story. Nansen reported that large holders trimmed their positions, dropping from 30.5 billion to 28.94 billion FLOKI over the past month — a sign some took profits during the rally. Yet, the amount of FLOKI sitting on exchanges fell by 5.1% to 2.12 trillion tokens, suggesting less immediate selling pressure. That shrinking supply, combined with fresh demand from Robinhood users, could be laying the groundwork for further price momentum.
Derivatives Market Hints at Bullish Pressure
In the futures market, sentiment leaned optimistic. Open interest spiked 20% to $53.6 million, according to CoinGlass, showing more traders are positioning for possible upside. Interestingly, the long/short ratio sits at 0.86, meaning shorts slightly outweigh longs — a setup that could trigger a short squeeze if FLOKI keeps climbing. If that happens, it could add an extra burst of buying pressure in the days ahead.
The post Robinhood Listing Sparks Double-Digit Rally for Floki Inu first appeared on BlockNews.
Read More