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Recent fluctuations in the meme coin ecosystem have been frequent. According to on-chain data, whale large transactions for FLOKI surged by 950% over the past week, with transaction volumes exceeding $100,000, while PEPE's increase was also quite remarkable, soaring by 620% in the short term. Large transfers of these two projects clearly lead other tokens, indicating increased participation from institutions and major holders.
FLOKI's annual performance has been impressive, with a current increase of 60%. From a technical perspective, the coin successfully broke out of a descending wedge pattern that formed six months ago. Currently, the price hovers around $0.000062, with a support level at $0.000053. The competition within this range will directly impact the subsequent upward potential.