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Michael Davis
Author
Michael Davis
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Floki Inu (FLOKI) has seen strong daily volumes in the past 24 hours, with more than $200 million changing hands across major exchanges per CoinMarketCap as the price has rallied more than 3%.
After getting hammered in recent weeks, the uptick in volumes could be a sign that whales are loading up for the next major price rally.
FLOKI was last trading just below $0.00010, down over 65% from the highs it hit last November in the $0.00029 area, and down over 70% from 2024’s highs in the $0.00035 area.
But FLOKI is probing for what could prove to be a major short-term bullish breakout.
FLOKI is currently retesting its 21-day moving average, a level that has consistently acted as resistance over the past three months.
A convincing break to the north of the 21DMA could open the door or a retest of the 50DMA above $0.00013 and a break out of the downtrend in play since early December.
Since early February’s market capitulation event that saw FLOKI briefly drop as $0.00007, risks have been tilted towards a price recovery, and it could finally be here.
Broader sentiment could help the meme coin market push higher in the days/weeks ahead.
Dovish commentary from a Fed policymaker kept hopes for more Fed rate cuts alive earlier on Thursday.
And 2025 remains set to be a historic year for global crypto adoption, as institutional and nation-state interest in Bitcoin and the broader crypto market rises in wake of the Trump administration’s arrival in the White House.
The foundations for recovery are certainly there, even if there remains a lot of FUD relating to the growing saturation of the meme coin market following the Trump coin launch earlier this year.
FLOKI Alternative to Consider – Meme Index (MEMEX)
The chart suggests that FLOKI has a lot of upside potential this year. It could easily 3x to retest its recent highs, but if a new meme season really gets going, gains in the region of 10x or more are possible.
However, an even better option this year might be an exciting new meme coin called Meme Index (MEMEX), a new decentralized platform positioning itself as the first meme coin index.
Unlike FLOKI, which centers on its Viking-themed branding and Valhalla metaverse, MEMEX aggregates value from multiple meme coins (e.g., DOGE, SHIB, PEPE) into a single token.
This diversification aims to reduce exposure to individual token volatility, offering a broader market play.
While meme coins like FLOKI relies heavily on community hype and hype from influencers like Elon Musk, while Meme Index introduces governance, letting holders vote on index composition, plus staking with a 628% APY.
The presale began in late 2024 and has raised $3.2 million, with tokens priced at $0.0154693 in the current stage (price increases are planned).
It’s built on a secure, audited smart contract, emphasizing transparency and community ownership. Total supply is capped at 1 billion tokens.
Its potential as a 2025 standout stems from its novel utility in a crowded meme coin space, early fundraising success, and a model that mitigates single-coin risks.
Compared to FLOKI’s narrower focus, MEMEX offers a more systematic approach, which could appeal to strategic investors.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
