Why FLOKI has staggered despite network developments

Why FLOKI has staggered despite network developments

FLOKI’s price dropped by more than 12% over the last seven days. 
Market sentiment turned bearish, and indicators supported the sellers. 
Floki Inu [FLOKI] enjoyed a comfortable rally a few weeks ago, causing its market capitalization to shoot up. The uptrend also gave investors hope of the meme coin entering the top 100 club once again. 
Realistic or not, here’s FLOKI market cap in BTC’s terms
However, things changed in the last seven days as the meme coin’s price dropped by double digits.
A happening week for FLOKI, indeed!
During the last 30 days, FLOKI’s price had rallied by more than 70%, which was among the highest in meme coins. Alongside this, the meme coin also announced quite a few updates, all of which also looked pretty promising for the token’s future. 
This week in #Floki’s Weekly Recap:
✓ #TokenFi launch ✓ MAJOR $TOKEN CEX listings✓ TokenFi marketing✓ TokenFi transaction tax✓ #Floki staking TVL✓ #WTTFrankfurt✓ Bitget updates✓ Q&A✓ &a

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