Floki Community dispels Coinbase delisting rumors, aims to surpass Dogecoin

In the recent news concerning Floki, it has been clarified that the rumors surrounding Coinbase delisting the token are false. Contrary to the speculations, it has been confirmed that the only action being taken is to halt trading in New York. However, this decision is not specific to Floki, as other meme coins like TURBO and GIGA are also facing similar restrictions in the same region.

It is essential to note that the impact of this new development is quite insignificant, given that Coinbase only contributes about 1% of FLOKI’s total trading volume. Moreover, New York accounts for a mere 2-5% of FLOKI’s volume on Coinbase. This adjustment seems to stem from regulatory issues rather than a deliberate choice targeting Floki exclusively.

Additionally, Floki has been performing remarkably well within the meme coin market. Amidst the recent buzz about Dogecoin and Shiba Inu, Floki stands out as the only meme coin thriving from the previous cycle. As of late, Floki FLOKI/USD has been gaining momentum, dispelling any concerns about trading problems on Coinbase.

In light of these developments, crypto trader CRG has highlighted Floki’s strong liquidity sweep setup. Recent trends indicate that Floki has successfully surpassed key lows and built a solid base, potentially setting the stage for a breakout. Should this momentum persist, a significant rally could ensue, especially given the growing heat in the broader meme coin market.

Recent data from IntoTheBlock further supports this positive outlook for Floki. The number of transactions above $100,000 for Floki has increased from 1 to 4 over the past week, signaling a surge in whale activity. Additionally, it is worth noting that 50% of FLOKI holders are currently in a profitable position.

In conclusion, amidst the evolving landscape of meme coins, Floki remains a resilient player in the market. With the dispelling of rumors regarding Coinbase delisting and the positive indicators pointing towards a potential rally, it will be interesting to see how Floki continues to navigate the dynamic world of cryptocurrency and meme coins.