• With the market still experiencing a bearish bias, Floki rose by 6.37% in 24 hours.
• Floki investors, especially whales, got increasingly bullish in the lead-up to Stockwits’ marketing campaign

Over the past day, after the market recovered, Floki [FLOKI] has surged from $0.000092 to $0.000101 hiking by 9.78%.

In fact, as of this writing, Floki was trading at $0.0001005. This marked a 6.37% increase on daily charts.

Prior to these gains, the memecoin had been on a downward trajectory, declining by 17.83% over the past week.

The recent price pump raises major questions regarding what’s behind the price recovery. There are two major reasons behind the uptick.

A major reason could be Floki’s Stocktwits marketing campaign, which is set to start on the 5th of February. Floki’s official X page announced that,

“With over 8.2 million impressions, the campaign will showcase the Floki Trading Bot to an audience of active traders, investors, and financial enthusiasts”.

What Floki charts suggest

According to AMBCrypto’s analysis, Floki was seeing increased buying activities at press time, as upward momentum started to build.

This buying pressure was highly prevalent among whales. As such, whale inflow has surged by 187.41% over the past day, with large holders inflow rising from 53 billion to 153 billion.

So, large holders were increasing their capital inflows as they continued to accumulate.