FLOKI, currently trading at $0.0001502, has experienced a decline of 4.69% over the past 24 hours. This drop places FLOKI among the top losers today, indicating increased market volatility and potential investor concerns.
With a market capitalization of approximately $1.44 billion, FLOKI ranks as the 54th largest cryptocurrency by market cap. Despite the recent decline, this significant valuation highlights FLOKI’s notable presence in the cryptocurrency market. The substantial market cap reflects a considerable level of investment and market confidence, though recent trends suggest a shift in sentiment or increased selling pressure.
The 24-hour trading volume for FLOKI is around $195.29 million, which marks a 5.16% increase from the previous day. This results in a volume-to-market cap ratio of 13.53%. A high volume-to-market cap ratio indicates that a significant portion of FLOKI’s market cap is actively traded, reflecting considerable market activity and liquidity.
The continued price decline, despite high trading volume, suggests that market participants might be reacting to broader market trends or specific issues affecting FLOKI.
FLOKI has a circulating supply of approximately 9.57 trillion FLOKI out of a total supply of 9.69 trillion FLOKI. This means that nearly the entire supply is currently in circulation. The absence of a maximum supply cap suggests that additional tokens could potentially be introduced, but currently, the circulating and total supply figures are closely aligned.
The fully diluted market cap, which represents the market value if the entire total supply were fully in circulation, is approximately $1.46 billion. This figure is slightly higher than the current market cap, indicating potential future market value if the entire supply were released.
The close alignment between the circulating supply and the total supply, combined with the lack of a maximum supply cap, suggests that FLOKI’s supply dynamics are largely transparent and predictable. However, the recent sharp decline in price, despite high trading volume, highlights significant volatility and potential investor unease.
Overall, FLOKI presents a mixed profile in the cryptocurrency market. Its substantial market cap and high trading volume reflect an active market presence and significant liquidity. However, the notable price decline and high volume-to-market cap ratio indicate increased volatility and potential issues impacting investor confidence.
Investors should closely monitor FLOKI’s ongoing market performance and any relevant news or developments that could influence its future outlook. The current metrics suggest that while FLOKI remains a significant player in the cryptocurrency sector, it is experiencing notable volatility.
As always, a comprehensive assessment of market conditions, news, and broader trends is essential for making informed investment decisions in this dynamic and often unpredictable market.
