Market looks like cr*p, but $FLOKI's thesis is not built on one candle.
It is built on survival, brand, community, BNB Chain strength, utility products, and institutional access.
That is why Floki still stands out among major memes, it always will be.
Disclosure: Personal bag / NFA
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This is actually a pretty bullish update if you're a long-term $FLOKI holder.
Most people will read this as a delay.
I read it as confirmation.
The ETP is still happening.
They're waiting for the right market conditions instead of forcing a launch into weak liquidity.
Smart $FLOKI
During our most recent monthly community AMA, a community member asked if the slower market environment changed any major plans internally regarding Floki's ETP ambitions.
Our Core Advisor, B (@100bviking), provided the following response:
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The slower market environment has not really changed our plans or decision to get a Floki ETP, however it will indeed influence exactly when the ETP goes live.
This is because there are certain volume and liquidity requirements that need to be met before the ETP becomes tradeable, and those conditions can only be met when market conditions improve. In addition to that, we also believe it is best for the ETP to go live when market conditions are optimistic rather than depressing.
I also believe it is important to clarify that the ETP being discussed here is the Floki ETP with the SIX Swiss Exchange. Floki already has a live ETP which was independently facilitated by a third-party institutional player without our input, because they consider Floki a mature asset and b
🚨 $FLOKI Chart Request #2
$FLOKI has now entered the dump zone that I highlighted in my previous update. ✅
From here, I wouldn't rule out Some More Dump.
In fact, there's still a Slight possibility that price briefly dips below the red accumulation zone before finding a stronger bottom.
As long as the overall structure remains intact, any additional weakness into that area could simply be part of the final shakeout phase.
Once this correction is complete, the chart suggests a potential recovery toward our highlighted target zone.
Good luck! 🍀
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