Floki (CRYPTO: FLOKI) is gaining some heat as rumors of issues with trading the meme coin on Coinbase (NASDAQ:COIN) have been cleared up.

What Happened: In an X post on Friday, Floki shot down rumors of a Coinbase delisting, confirming that the platform is merely suspending trading in New York, which represents a small portion (2-5%) of FLOKI's overall volume on Coinbase.

As for Coinbase's contribution to FLOKI's trading volume, it accounts for approximately 1%, rendering the overall impact minimal.

This adjustment appears to be a regulatory matter rather than a Floki-specific decision, as other meme coins, TURBO and GIGA, are also subject to the same restriction in New York.

Crypto trader CRG observed that Floki is setting up strongly for a liquidity sweep, having recently breached key lows and built a substantial base, setting the stage for a breakout.

If momentum persists, a rapid rally could ensue, especially considering the broader meme coin market is heating up.

If DEFI token is heating up, don't be surprised to see a sharp rally in the coming days.

Memes are catching a nice bid today$FLOKI one that looks great, spent nearly a week basing and took out Monday low / last week's lowPlenty of liquidity higherBounce it all with haste pic.twitter.com