Floki experiences a bull trap: Memecoin sees a 13% drop in 36 hours

After a brief rally, FLOKI experienced a 13.4% drop influenced by negative market sentiment post-Bitcoin volatility. Traders are advised to remain cautious about long positions despite short-term bullish signs.

On-chain metrics show minimal accumulation of FLOKI among investors, indicating bearish signals. The volatility from Bitcoin further compounds the uncertain trading environment for FLOKI holders.

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