Floki Inu (FLOKI) has uniquely jumped over 7% in the last 24 hours, making it the only major meme coin in the green during the recent crypto market stagnation.
Other top meme cryptos like Dogecoin and Shiba Inu have dropped around 5% weekly. But FLOKI continues rising for unclear reasons.
Floki Inu is named after Elon Musk’s pet dog and often surges based on tweets from the billionaire. Musk has posted images of his pet Floki dressed up, boosting FLOKI prices in the past.
Overall meme coins remain highly speculative assets tied to viral online trends and personalities like Musk. But Floki Inu’s ability to overcome the bearish crypto sentiment demonstrates its momentum among retail investors.
As other joke cryptocurrencies flounder, FLOKI’s defiance may suggest room for more upside if it maintains support. The meme coin’s detachment from the rest of the market makes it a noteworthy outlier during this period of broad decline.
