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.