Share this article
FLOKI Explodes 12% on Massive Volume, Potentially Signalling Bullish Momentum
The token's volume spikes hit 274.1 billion tokens at 16:00 UTC, nearly five times the average.
Jul 8, 2025, 5:54 p.m.
Make us preferred on Google
What to know:
- Memecoin FLOKI surged 12.1% in 24 hours, significantly outperforming the broader CoinDesk 20 market index.
- Trading volume for FLOKI reached 274.1 billion tokens, five times its 24-hour average, indicating strong market interest.
- The price of FLOKI broke through key resistance levels, suggesting potential institutional accumulation and bullish sentiment.
Memecoin FLOKI rockets 12.1% in a 24-hour session, blasting from $0.0000815 to $0.0000915 on massive volume, while the broader CoinDesk 20 market index gained only 1.4%.
Trading range hit $0.0000136, representing 16.8% volatility, in accelerated price action, specifically around the 13:00-16:00 UTC window on July 8.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
FLOKI smashed through multiple resistance barriers, according to the model. The volume exploded to 274.1 billion tokens at 16:00 UTC, which is five times the 24-hour average of 58.4 billion.
Strong volume support materialized at $0.0000851 level during the 12:00-13:00 UTC timeframe. This established launch pad for a breakout above $0.0000880 resistance. This sustained upward momentum, combined with elevated trading volumes, signals institutional accumulation and potential bullish sentiment.
The move comes amid news of FLOKI officially launching Valhalla last month, a blockchain-based game inspired by Norse mythology. The play-to-earn economy of the game is built around FLOKI tokens, which players earn by completing in-game tasks and winning battles.
Technical analysis highlights
- Price rockets from $0.000082 to $0.000092 representing 12% gain over 24-hour period, according to CoinDesk Research's technical analysis data.
- Volume spikes hit 274.1 billion tokens at 16:00, nearly five times the average.
- Critical resistance break above $0.000088 level with strong volume confirmation.
- Support established at $0.000085 level during 12:00-13:00 consolidation phase.
- New session high of $0.000092 achieved during final hour rally.
- Sustained buying pressure maintained above $0.000090 psychological level.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Here are the winners and losers (so far) in bitcoin mining from Nvidia's $2B CoreWeave investment
Nvidia’s deepened partnership with CoreWeave raises pressure on bitcoin miners pivoting to AI infrastructure.
What to know:
- Shares of most bitcoin miners who have shifted business plans to AI infrastructure fell after Nvidia announced a fresh $2 billion investment in CoreWeave.
- One analyst says Nvidia’s deepening partnership with CoreWeave could divert GPU access and funding away from independent miners trying to pivot into AI and high-performance computing.
- Core Scientific, which CoreWeave attempted, but failed, to acquire in 2025, is the only miner posting gains on Monday.
Top Stories
