Data Shows Over 70% of Investors in Floki Meme Coin Are Suffering Losses

Investors who bought Floki, a rival to meme coins Dogecoin and Shiba Inu, are incurring losses, with only 19% holding profitable positions, and 70% experiencing losses, according to data from blockchain analytics company IntoTheBlock. Only 11% are at break-even levels. Despite recently celebrating a fresh listing on Binance.US, it remains unclear whether this could mitigate losses. Most Shiba Inu investors are also struggling with losses, with only 3% breaking even and realising profits, and 68% operating at a loss. Investors in Dogecoin appear to be doing better, with 54% reporting gains. Bitcoin is up almost 4% in the past seven days, although its price is still far from its 30-day high of $31,005.61, and Ethereum is currently trading at $1,887.22, incurring a 2% loss in the past seven days.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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