FLOKI Foundation Wallet Awakens After Hibernation, Transfers $2.27M FLOKI to Binance

IconCryptoNewsTerminal Staff29 Aug, 2024

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FLOKI Foundation Wallet Awakens After Hibernation, Transfers $2.27M FLOKI to Binance

Spot On Chain, a cryptocurrency analytics platform, detected a significant transaction involving a FLOKI Foundation-linked wallet. After approximately nine dormant months, the wallet sprang into action, transferring 15.2 billion FLOKI, valued at $2.27 million, to Binance. At the time of the transfer, FLOKI's value experienced a notable decline, dropping by 17.7% in just 24 hours. This latest development adds to the recent market volatility surrounding the cryptocurrency.