Floki Inu (FLOKI) price bullishness is easing after a hard pump last week when the network was launching the TokenFi token in its endeavor to capitalize on the tokenization industry.
Floki Inu price is down 15% after a solid breakout following TokenFi launch preceding Floki staking program.
holders hyped the launch of TokenFi, a crypto and asset tokenization platform. Notably, the launch was part of the network’s drive toward exploring the tokenization industry, projected by some to hit a $16 trillion valuation by the end of 2030. In the latest development, the network had “reached out to all our exchange partners and asked them NOT to list TokenFi until after seven days of the token going live since we intend to put forward a DAO vote to allow the listing.
network, with the token that Bitget listed getting approximately $50 million dollars in trading volume on their exchange in a 48-hour period. As complaints brewed with token holders being unable to withdraw their fake “TOKEN”, the situation was worse in China, where TokenFi is quite popular. Bitget started banning legitimate users of their platform when they complained about their inability to withdraw TOKEN from their exchange.
network concerned about Bitget solvency Floki price loses steam after 60% pump After a rejection from the $0.00004010 resistance level, Floki Inu price is down 15% on Tuesday, exchanging hands for $0.00003201 at the time of writing. It comes after the Relative Strength Index triggered a sell-off when it confirmed
/USDT 1-day chart Conversely, if sidelined or late investors flock in, Floki Inu price could pull north, reactivating the bullish breaker and possibly going as high as the $0.00004010 resistance level. A decisive break and close above this level would invalidate the bearish thesis, with bulls likely to pump
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