FLOKI Price Surge at Risk Amid Strong Correlation with Shiba Inu [SHIB]

Recent data indicates a strong correlation between Floki Inu (FLOKI) and Shiba Inu (SHIB), suggesting impending price corrections. FLOKI’s supply on exchanges has surged to 5 billion tokens, raising concerns that recent gains may be reversed. According to IntoTheBlock, the 30-day correlation between FLOKI and SHIB is an impressive 0.96, underscoring their synchronized price movements.