FLOKI (FLOKI) fell 1.08% in 24 hours.

Gate News Bot news, July 8, according to CoinMarketCap data, as of the time of publication, FLOKI (FLOKI) is currently priced at $0.0000846804, down 1.08% in the last 24 hours, with a high of $0.000089109 and a low of $0.0000699481. The 24-hour volume reached $126 million. The current market capitalization is approximately $815 million, a decrease of $8.8674 million compared to yesterday.

FLOKI is the utility token of the Floki ecosystem. Floki is empowering people through GameFi, DeFi, and cryptocurrency education.

Important news about FLOKI recently:

1️⃣ Meme coin market rebounds strongly, FLOKI leads the rise Recently, the Meme coin market has shown a strong rebound, with FLOKI leading the way with a 14% increase. This surge is mainly benefited from Elon Musk's "American Party" launch, as his significant influence in the cryptocurrency field has stimulated bullish demand for Meme coins in the market. At the same time, the revival of AI concepts has also provided additional momentum for AI-themed Meme coins like FLOKI.

2️⃣ Valhalla mainnet officially launched, promoting the development of blockchain games FLOKI officially launched the long-awaited mainnet version of its blockchain game Valhalla on July 5. As the flagship product of the Floki ecosystem, Valhalla integrates on-chain game interactions, upgradeable NFTs, and a "play-to-earn" economic system. This mainnet launch marks an important step for FLOKI in the blockchain gaming space, with the potential to attract more users and enhance the utility of the FLOKI token.

3️⃣ Cooperating with SoftBank partner Rice Robotics to explore AI data tokenization collaboration FLOKI has formed a strategic partnership with SoftBank partner Rice Robotics to jointly promote the tokenization of AI data. This collaboration aims to enhance the value and tradability of AI data through blockchain technology, while also opening up new application scenarios for the FLOKI token, showcasing FLOKI's innovative potential in the fusion of AI and blockchain.

From a technical perspective, the price of FLOKI has seen a significant increase due to recent positive news, breaking through multiple resistance levels. However, the current RSI indicator has entered the overbought zone, indicating that the risk of profit-taking is imminent. Investors should be cautious of the potential pullback risk that may arise after a rapid short-term surge.

This message is not intended as investment advice, and investors should be aware of market volatility risks.