- Floki dropped 8.45% in May, opposite of a 7.3% memecoin rally as bearish pressure increases near the $0.00008000 level.
- Weak A/D line and dip below the 20-day SMA signal sustained outflows and fading bullish conviction.
- 87% token supply held by whales poses volatility risks; strong BTC correlation may drive recovery if broader market rebounds.
Floki has underperformed in a broadly rising memecoin market as the token faces renewed selling pressure entering June 2025. The overall memecoin market surged by 7.30% in May, pushing its total cap to $58.88 billion.
Trading volume surged by 73.07% to $9.93 billion, indicating strong interest across the market. However, Floki deviated from this trend. At the time of writing, the token was trading at $0.00008065, a 12.60% drop in 24 hours and a 20.65% decline over the past week. Monthly losses are at 8.45%, despite a short-lived rally seen in April through mid-May.
Volume Weakens While Distribution Pressure Intensifies
Floki’s 24 hour trading volume fell by 0.14% to $142.5 million, while market cap declined by 12.65% to $775.76 million. Its Fully Diluted Valuation (FDV) is at $778.67 million, while the volume to market cap ratio hit 18.43%.
The token’s Accumulation/Distribution (A/D) line showed consistent weakness, at -5.91 trillion, confirming sustained outflows. Although trading activity spiked earlier in May, recent figures show fading bullish momentum and lower conviction from the market.
This aligns with technical signals as price action slipped below the 20-day SMA, which also acts as the middle Bollinger Band. The price is just above the lower band at $0.00008321, suggesting bearish pressure near short-term support. The upper resistance remains at $0.00011610, with current levels favoring bears.
Whale Dominance and Holder Sentiment
Investor sentiment is mixed. On-chain data shows that 52% of holders are currently in profit, while 46% remain out of profit. Additionally, 87% of the total Floki supply is held by large addresses, indicating high token centralization.
This level of concentration poses potential volatility risks, especially in thin liquidity levels. Meanwhile, 60% of holders have held their tokens for over a year, with 37% between one and twelve months. Only 3% are new holders with positions under one month old.
Large transaction volume for the past week reached $8.76 million, suggesting ongoing interest from the institutional-scale market. Floki continues to show a strong positive correlation to Bitcoin, with a correlation coefficient of 0.71, tying its performance closely to broader market moves.
Price Momentum Depends on Key Technical Zones
Floki’s price levels around $0.00008000 are important heading into June. If support fails and bearish pressure persists, the token may fall toward $0.00006500–$0.00007000. However, if price stabilizes and reclaims $0.00010000, with stronger volume and accumulation, an upside move toward $0.00013000–$0.00014000 becomes possible.
Floki’s Outlook Faces Mixed Signals Despite Broader Growth
Floki ends May 2025 on a weak footing compared to the broader memecoin market. Despite overall sector gains, the token’s decline below key technical levels and persistent distribution signals caution.
Holder data, centralized supply, and weakening volume trends show bearish weight. However, with strong correlation to Bitcoin and active whale participation, any broader recovery may help reverse current losses. For now, price levels around $0.00008000 remain important.
