Whales were making the most of the stagnant market and Floki Inu [FLOKI] was under the radar of these whales.
Meme coins have been snaring an array of individuals as well as entities into its market. Dogecoin [DOGE] and its counterparts, Shiba Inu [SHIB], Floki Inu, and others were emerging as positively sought-after currencies. The whales in the market were viewing these assets as promising ones as they were highly invested in them.
The crypto market’s inert behavior certainly alerted the whales who veered in and pocketed meme coins like Floki Inu. Reporting a similar movement, WhaleStats pointed out that a BNB whale had made an exorbitant purchase of about 80 billion FLOKI. This was reportedly worth about $3,250,400.
WhaleStates further tweeted,
Floki Inu joins the BSC Whale leaderboard
Thanks to this excessive purchase, the meme coin was back among the top 10 purchased tokens by 1000 biggest BSC whales. Stablecoin USDC and the Binance Smart Chain’s native cryptocurrency, Binance Coin [BNB] topped the list.
Floki Inu took over the 4th position beating other prominent coins like ETH which stood in the last spot.
As these whales continue to bag Floki Inu, the asset was trading for $0.0000418 with a 1.68% drop over the last 24-hours. Additionally, the meme coin was reeking of volatility.
Another sponsorship deal in the making?
While no official confirmation is out yet, rumors about Alfa Romeo collaborating with the meme coin and its Formula One team were making the rounds.
Decalspotters, a motorsports news outlet reported that the Floki Inu logo was spotted on the rear wing of the latest Alfa Romeo Formula 1 car. The meme coin network has neither affirmed nor denied the rumors. This has further got the community speculating the legitimacy of the rumor.
Floki Inu has time and again taken interest in the sports industry. Previously the network partnered with several football clubs across the globe. Therefore, the network’s latest move did not come as a surprise to many.