Analyst Predicts FLOKI Is On The Verge Of A “Supreme Pump”

Crypto analyst and trader, Crypto Tony, shared in an X post yesterday that meme coins are “looking really good,” especially with Shiba Inu (SHIB) heating up again. However, the analyst believes FLOKI is poised for a big run as there is too much going on for it not to experience a “supreme pump.”

So #Memecoins are looking really good with $SHIB now heating up

My next Meme for a big run is of course $FLOKI legends .. Too much happening and going on, for there not to be a supreme pump pic.twitter.com/5xpA3zmi7U

— Crypto Tony (@CryptoTony__) December 17, 2023

One of the developments that could fuel a FOLKI rally is the fact that DWF Labs recently purchased FLOKI tokens worth about $1.25 million. This led to an 18% jump in the price of the meme coin.

DWF LABS PURCHASES AN ADDITIONAL $1,250,000 IN TOKENS TO SUPPORT THE FLOKI ECOSYSTEM

Industry-leading digital asset market maker and multi-stage Web3 investment firm DWF Labs purchased an additional $1,250,000 in $FLOKI tokens from the #Floki Treasury and has expressed a strong… pic.twitter.com/Z7z2AaaBKl

— FLOKI (@RealFlokiInu) December 5, 2023

Additionally, FlokiFI Locker, a part of the FLOKI ecosystem, recently reached an all-time high in Total Value Locked (TVL), surpassing $100 million. This achievement highlights the fact that people are starting to place their trust in FLOKI for things such as token storage and DeFi services.

FLOKI / Tether US 1D (Source: TradingView)

However, despite Crypto Tony’s optimism about meme coins, both FLOKI and SHIB saw their prices dip along with the rest of the cryptocurrency market heading into the new week. According to data from CoinMarketCap, FLOKI was worth about $0.00003488 at press time after its price slipped by more than 5% over the past 24 hours of trading.

The token’s intraday volume stood at $20.05 million after it suffered an over 41% knock as well. Additionally, FLOKI’s drop in price caused its weekly performance to drop to -7.57%.

SHIB / Tether US 1D (Source: TradingView)

SHIB suffered a similar fate after its price dove by more than 7% since yesterday, causing its value to drop to $0.000009966. The meme’s trading volume decreased by 56% throughout the past day and, as a result, ended up settling at $361.85 million at press time. Despite its rather rough past 24 hours, SHIB was still up by 2.06% in its weekly time frame.

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