holder: News of Floki (FLOKI) - July 2024 Price Update - 7.69% Breakout Crypto News and Analysis

Spot the Main Event:

The top Indian crypto exchange WazirX was exploited for over $230 million, $4.7 million of which was in the form of $FLOKI token the team then released a statement highlighting the following VERY IMPORTANT facts: 1. The exploiter is fully out of FLOKI tokens. The exploiter has sold every last cent of FLOKI token he/she got. Not only was the sell fully absorbed by the market, which shows how strong and liquid Floki is as an asset, but the hacker no longer has any Floki token to sell. That's right, ZERO! So, going forward you can expect zero impact from the hacker as far as Floki is concerned. A boost to the genuine holders of Floki

Professional Author and Crypto Trader

Spot the Main Event:

The main reason for the current increase in the price of the token is them getting it listed on Kraken exchange. With Kraken being one of the biggest in the space, getting it listed would definitely help increase its trading volume and active holders. They also recently reclaimed their 2 Billion dollars market capitalization. Another reason is the fact that they recently announced their plans of utilizing some marketing strategies to get their products and services out there.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.