FLOKI Coin Price: Simon’s Cat Airdrop Gives Investors a New Boost – What’s Next?
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
Floki Inu meme coin investors have received a new boost, benefitting from a major airdrop of a fun, viral new meme coin called Simon’s Cat (CAT) into the Binance accounts, but this has failed to lift the FLOKI coin price.
The FLOKI coin price was last changing hands around $0.0001230, down just under 4% on the day per TradingView.
FLOKI holders on Binance recently received a substantially CAT meme coin airdrop.
UPDATE: The $CAT Airdrop to $FLOKI Holders is Complete
We are pleased to announce the successful completion of the Simon’s Cat ( $CAT ) airdrop distribution to eligible $FLOKI holders.
Qualified users were airdropped directly to their wallets on Binance, OKX, and on-chain based… pic.twitter.com/Wlq4QYY9YX
But Wednesday’s losses leave the FLOKI coin price only around 10% above its recent lows near $0.00011, which isn’t much for a meme coin like Floki.
Conversely, the FLOKI coin price is down around 65% from earlier yearly highs.
And things could get worse for the FLOKI coin price.
That’s because FLOKI has repeatedly rejected resistance in the form of its 50DMA in recent weeks.
That suggests the bears are in control of this market.
A retest of recent lows under $0.00010 is on the cards.
With the Floki coin price outlook downbeat, its no surprise that investors are looking at other meme coins.
Amid a bearish bias for the FLOKI coin price, a new meme coin project called Shiba Shootout (SHIBASHOOT) is receiving a lot of attention.
Shiba Shootout is a Wild West-themed play-to-earn (P2E) game that has already launched on Google Play and
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