The post Trending Memecoin Raboo Pumps Whilst SUI And Floki Sheds Weekly Gains  appeared on BitcoinEthereumNews.com.

Two contradictory narratives are currently dominating the crypto market. On the positive side, Raboo ($RABT), the trending meme coin that is seeing notable growth. Conversely, SUI  has lost its weekly gains as it approaches a significant token unlock, and Floki Inu  has tanked nearly 20% in just 24 hours. But what’s particularly intriguing is Raboo’s impressive growth in user registrations and token holders. Discover why this new meme coin could be one of the best coins to invest in  2024. FLOKI Plunges Nearly 20% daily Amid Recent Partnership The University of Miami Athletics recently announced its partnership with Floki Inu for its  2024–2025 campaign. This partnership will focus on promoting Floki Inu’s blockchain game called Valhalla—a Massively Multiplayer Online Role-Playing Game (MMORPG). The Floki Inu Community reacted favorably to the news of this partnership, and this caused FLOKI’s daily trading volume to soar to above $500 million.  Unfortunately, the news could not prevent FLOKI’s price from falling. In just 24 hours FLOKI plunged by 17% to a current price of $0.000125. This decline has left several analysts uncertain on whether Floki Inu  would be worth investing in days to come. SUI price takes a hit ahead of anticipated token unlock SUI Network is about to witness its next token unlock, which is believed to be one of the largest kind. In this token unlock, about $81 million worth of SUI tokens will be released, representing around 3.23% of SUI’s total market value. Amidst the token unlock, SUI’s price has fallen by 21% weekly. This is not surprising, as token unlocks can often lead to price drops. CoinMarketCap tracks the price of SUI at a current price of $0.801, but experts believe SUI may trade lower than this  in the coming days, unless SUI Network backs the unlock with a notable…

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Filed under: News - @ September 1, 2024 7:05 am