Floki Inu (FLOKI) to maintain upside steam as investors accumulate at elevated prices

Meme crypto Floki Inu (FLOKI) has attracted the attention of market participants with its latest performance.

The altcoin has defied expectations, maintaining an upside stance as it soared to unprecedented highs.

FLOKI traded 5% higher today, upholding its momentum even as Donald Trump’s ongoing legal developments shake the memecoin market.

FLOKI 1D Chart on Coinmarketcap

While enthusiasts enjoy the rallies, a trader caught the eyes of the community with enormous FLOKI accumulations.

The investor has purchased over 7.56 billion Floki Inu assets, worth approximately $1.89 million within the past day.

That indicates confidence that FLOKI could extend even higher while cementing FLOKI’s status as among the top choices for cryptocurrency enthusiasts.

Trader acquires 7.56B FLOKI coins

On-chain platform The Data Nerd confirmed a series of FLOKI transactions involving the “darkdemon.eth” address.

The wallet has withdrawn Floki Inu tokens from the cryptocurrency exchange OKX, accumulating 7.56 billion tokens (worth $1.89) in multiple transfers over the last day.

Further scrutinization revealed that the oxaf81 address held two assets only, the abovementioned FLOKI and considerable Maverick (MAV) tokens.

The massive transaction contributes to FLOKI’s increased buying momentum, with the alt recovering from yesterday’s significant dip.

The trader could have adopted the “buy-the-dip” strategy to acquire the massive chunk, reflecting confidence in FLOKI’s future price performance.

FLOKI’s current price action

The meme coin changed hands at $0.0002479 at press time, up 5% within 24 hours.

Enhanced optimism within the past day propelled the asset to $0.0002601 before slight declines.

Broad market recovery and bullish developments, such as Floki Inu launching a Telegram trading bot, kept FLOKI afloat over the past few sessions.

Coinglass data shows FLOKI’s futures Open Interest maintained upsides lately, approaching $35 million.

Surged OI suggests soaring investor enthusiasts, highlighting bullish actions in the up-and-coming sessions.

Moreover, the Relative Strength Index swayed at 60, underscoring additional bullish fuel for Floki Inu prices.

FLOKI’s indicators and investor optimism suggest more uptrends for the meme token.

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