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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.
Floki price chart (CoinDesk data)
Floki price chart (CoinDesk data)

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
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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.

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Metaplanet is raising $137 million to pay down debt and buy even more bitcoin

Close up of the red circle at the center of the Japanese flag. (DavidRockDesign/Pixabay)

The Tokyo-based bitcoin treasury company secures fresh capital through a share and warrant issuance.

What to know:

  • Metaplanet is set to raise up to 21 billion yen ($137 million) through the issuance of new shares and a series of stock acquisition rights via a third-party allotment.
  • The Tokyo-based bitcoin (BTC) treasury company will issue 24.53 million new common shares at 499 yen per share.
  • Metaplanet has approximately $280 million worth of debt outstanding, according to its dashboard.