Memecoin FLOKI jumps 13% as crypto market nears $2.9T on strong buyer demand and volume surge

The crypto market reached $2.9 trillion driven by a sharp recovery in memecoins, with the memecoin market cap hitting $33 billion and volume surging 194% to $8.4 billion. FLOKI, a popular memecoin, rose 13% in a day, supported by a 196% jump in trading volume and increased turnover from $5 million to $17.3 million, signaling renewed buyer interest. Positive buy-sell volume data and a sustained positive market delta over six days indicate strong buying pressure. Additionally, derivatives traders boosted open interest by 32% and derivatives volume by 200%, showing growing speculative activity. FLOKI's price remains above key moving averages, suggesting a bullish trend, but it must hold above the 200-day EMA near $0.0000029 to maintain momentum and target higher prices. Failure to hold this level could lead to a pullback to $0.0000025.

FLOKI is trading at Rp0.524 on Pluang with an 8.40% increase in the last day, reflecting ongoing interest despite a majority of sell orders at 70%. The market cap stands at Rp4.98 trillion with a 24-hour volume of Rp1.75 trillion. These figures are current as of Sep 22, 2026 18:23 WIB.