FLOKI revealed on their official X page yesterday that the project is preparing for a significant announcement. According to the post, the announcement will be made on 27 October 2023. Meanwhile, the cryptocurrency community seems to be eagerly awaiting this announcement as the meme coin’s price skyrocketed over the past 24 hours.

#Floki is preparing for yet another significant announcement on 27.10.2023.

In this journey, patience is the key virtue!

Do you have the patience to navigate through this intricate maze though?#SaturdayVibes pic.twitter.com/3xOVYiPXSH

— FLOKI (@RealFlokiInu) October 21, 2023

According to data from the cryptocurrency market tracking website CoinMarketCap, the altcoin’s price rose by 17.22% over the past 24 hours. Subsequently, the cryptocurrency was trading hands at $0.00002501 at press time. FLOKI’s impressive 24-hour gain also pushed its weekly performance deeper into the green, taking it all the way up to +35.71%.

FLOKI’s price was not the only metric that surged throughout the past day of trading. CoinMarketCap data also indicated that the meme coin’s 24-hour trading volume spiked more than 260% during the same period. As a result, the cryptocurrency’s total volume was estimated to be more than $170.28 million at press time.

FLOKI / Tether US 1D (Source: TradingView)

Meanwhile, the altcoin was able to reach a high of $0.00002642 during the past 24 hours. Since then, it retraced slightly. Nevertheless, it was still trading closer to this peak than its daily low, which sat at $0.00002087.

FLOKI’s uptick coincided with the positive trend seen in the meme coin sector over the past 24 hours. The collective capitalization of the meme coin market rose 2.17% throughout the past day. Subsequently, the meme coin market was valued at $14,309,290,565. The amount of trading volume for the meme coin sector also increased more than 45%.

Notably, FLOKI was the best-performing meme coin over the past 24 hours. The only meme coin that was able to top FLOKI was ArbDoge AI (AIDOGE), which recorded a 24-hour increase in price of 18.54%. Despite this, FLOKI had still outperformed AIDOGE over the past week, as the latter’s weekly performance only stood at +19.17%.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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