570 billion Floki at risk of sell-offs – Here’s the one move that can save it!

FLOKI’s price has dropped over 80% since its peak, leaving only 6,980 addresses profitable. The supply concentration, with 72% held by large investors or ‘whales’, adds to the market’s volatility, exacerbating concerns for existing holders.

For FLOKI to recover, the engagement of its major holders is crucial. Trading volume has decreased by 31.99%, and unless there’s a change in sentiment, the risk of significant sell-offs remains likely.