FLOKI Surges 12% Amid Valhalla Launch and Massive Trading Volume

Memecoin FLOKI soared 12.1% in the past 24 hours, jumping from $0.0000815 to $0.0000915, significantly outperforming the broader CoinDesk 20 Index, which gained just 1.4%. The rally came on the back of explosive trading activity and bullish sentiment surrounding its blockchain game, Valhalla.

FLOKI's trading volume surged to 274.1 billion tokens at 16:00 UTC on July 8, nearly five times the 24-hour average of 58.4 billion. This spike in volume supported a breakout above the critical resistance level at $0.0000880, propelling the price to a session high of $0.000092. The asset’s intraday trading range expanded by 16.8%, with volatility peaking between 13:00 and 16:00 UTC.

The memecoin found solid support around $0.0000851 during the 12:00–13:00 UTC window, forming a consolidation base that launched its upward breakout. Analysts note that the sustained momentum and elevated volumes point to institutional interest and possible continued bullish action.

The latest price rally follows the recent launch of Valhalla, FLOKI’s Norse mythology-inspired play-to-earn game. Built on blockchain, Valhalla rewards players with FLOKI tokens for completing in-game objectives, fueling demand for the token and enhancing its utility in the growing GameFi ecosystem.

Technical indicators confirmed a clean break above key resistance zones, with sustained buying pressure keeping the token above the psychological $0.000090 level in the final hour of trading. As FLOKI continues to gain traction within the gaming and crypto communities, traders are watching closely for further upside.