FLOKI Soars on Valhalla: Price Jumps, Volume Quadruples
FLOKI surged 25% in 24 hours as trading volume quadrupled to $824 million. The rally follows the launch of its Valhalla play-to-earn game on opBNB, which processed over 1 million transactions and minted 125,000 NFTs in two weeks. FLOKI’s market cap jumped by $510 million to $1.14 billion. Technically, the token broke key resistance at $0.000110, overcame a falling wedge pattern and a diagonal trend line.
Analysts remain bullish despite FLOKI trading 62% below its all-time high. The project also secured the first MiCAR-compliant white paper approved by ESMA, paving legal trading status across EU platforms and adding real utility beyond meme hype.
The broader memecoin sector gained $18 billion in July. Top tokens such as DOGE, SHIB and PEPE recorded notable gains. This renewed momentum underlines a favorable trading environment for FLOKI and similar assets.
Bullish
The combined data shows a strong bullish trend for FLOKI. In the short term, the 25% price surge and a fourfold increase in trading volume signal heightened trader interest and momentum. Technical breakouts above key resistance levels at $0.000110, a falling wedge pattern and a diagonal trend line further confirm accelerating demand. In the long term, institutional credibility gained from the MiCAR-compliant white paper and growing utility through the Valhalla play-to-earn game support sustained growth. Broader memecoin sector gains of $18 billion in July reinforce positive market sentiment, suggesting continued upside for FLOKI.