The Flock (FLOCK) token has demonstrated significant price rise after its listing on Coinbase's decentralized exchange, indicating high trader interest and increased activity among large holders.
Dramatic Price Increase of FLOCK
On September 9, the price of FLOCK surged to $0.431217 at the time of writing, reflecting a 61.19% increase within 24 hours, with a trading volume of $465.63 million. The listing enabled direct trading between Base and Coinbase, facilitating token movement for traders and boosting demand.
Whale Activity Signals Strong Confidence
Analyst Jeff G7 reported an 8% increase in the amount of FLOCK in the top 100 wallets, holding about 70% of total supply. At the same time, exchange balances plunged by 39.69%, indicating that investors are opting to hold tokens off-exchange.
FLOCK’s Expanding Ecosystem
FLOCK is developing an ecosystem with a focus on privacy, partnering with GSR.io to create AI models for trading. Animoca Brands and Eden Web3 are leveraging FLOCK’s federated learning for Web3 work, while the platform supports the Aptos Foundation's AI developer tools project.
The sharp price increase of FLOCK, whale accumulation, and expanding partnerships suggest rising confidence in the project, potentially leading to long-term growth.
