Floki Inu issues urgent warning as price drops by 11

Crypto Realm reports:
FLOKI issues a warning against fraudulent tokens. FLOKI falls 11.10%, but MACD signals bullish momentum.
The multi-chain token Floki [Floki] on Ethereum (ETH) and Binance Smart Chain (BSC) recently alerted its community on X (formerly known as Twitter) to a scam involving counterfeit tokens falsely claiming affiliation with its brand.
What is the warning about?
The alert was triggered by a proliferation of fraudulent tokens on the Solana and Base blockchains, misleading investors.
To protect its community, Floki issued a warning message through its official X handle, stating,
“We have noticed some scams claiming #Floki has tokens on #Base or #Solana. Please be aware: $Floki can only be traded on the $BNB and $ETH chains.”
For further clarification, Floki shared its official chain address with users.
Community Reaction
The community responded to the news, with many expressing relief and sharing related experiences. An X user, TourBillion, said on the social media platform,
“Just yesterday, someone claimed Floki had tokens on $Doge.”
Another X user, Roro X, commented,
“When #FLOKI explodes, it’s the best cryptocurrency in the world; when it crashes, it’s a scam!”
Floki’s Future Roadmap
Despite recent criticisms and scams related to fraudulent tokens, FLOKI remains committed to its growth and user benefits.
In fact, in March, the dog-themed meme coin unveiled its 2024 roadmap, highlighting various upcoming features and utility-driven initiatives.
These plans include offering regulated digital bank accounts, allowing users to create and fund bank accounts with FLOKI tokens.
This move underscores FLOKI’s dedication to expanding its ecosystem and providing valuable services to its community amidst various challenges.
FLOKI’s Price Action
Meanwhile, despite the warnings, FLOKI’s price action seems to have been affected by the scam. According to CoinMarketCap data, at the time of writing, FLOKI has fallen 11.69%, trading at $0.0001558, indicating a strong bearish trend.
However, the technical indicator MACD positioned above the signal line and the green histogram above the neutral line suggest that buyers are still outpacing sellers.