Floki Soars With Optimistic On-Chain Data; Can It Go Up By 100%

Floki Soars With Optimistic On-Chain Data; Can It Go Up By 100%
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The Floki (FLOKI) price was influenced by the broader market sentiment. BTC, the godfather of all cryptocurrencies, has attained a bullish streak in the past 15 days, and the broader market reflected the same optimism. FLOKI followed the robust uptrend of the overall market, and in a mere 15 days, it advanced more than 55% on the daily time frame chart.
Investors have received significant gains from this memecoin asset, as in the last couple of months, it has grown by more than 1000%, which has displayed good performance. According to the Intotheblock website, there is a 0.88 price correlation with Bitcoin (BTC), which is the most crucial reason FLOKI follows most of the BTC activity.
Token Summary | Source: Intotheblock
Further, on-chain data shows that large investors and whales held 86% of the circulating supply. Similarly, the tokens held on an address for more than 1 year are 65%, and in the past 7 days, its official community group of FLOKI has seen 1.65% growth, whe

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