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Prices of dog-themed tokens Floki (FLOKI) surged more than 100% in the past 24 hours as a proposal to burn 2% of the token’s circulating supply was passed by the community. By @shauryamalwa. https://t.co/2UXxxSEnfA
Sheesh, the FLOKI DAO just voted in favor of burning $24m worth of $FLOKI. As if this coin wasn't bullish enough already. It's all about the big mcap memes rn it seems. $PEPE, $SHIB, $FLOKI all lookin good. https://t.co/xBlUzV8yqU
IT'S OFFICIAL: FLOKI DAO PASSES VOTE TO BURN 190,918,585,431.84 FLOKI TOKENS The #Floki DAO has voted in favor of burning 190,918,585,431.84 $FLOKI tokens. At the current market value, this is worth over $24 MILLION. In line with the decision of the Floki DAO, the tokens will… https://t.co/uGu0XFU5p9
The Floki project's community has voted in favor of a significant proposal to burn 190,918,585,431.84 FLOKI tokens, which is approximately 2% of its total circulating supply. This decision, made by the Floki DAO, aims to reduce the available supply of FLOKI tokens, potentially increasing their value. The tokens to be burned are valued at over $24 million at the current market rate. This move has contributed to a surge in FLOKI's price, with an increase of more than 100% in the past 24 hours. The decision to burn such a substantial amount of tokens reflects the community's confidence in the project, alongside other major meme coins like PEPE, which have also shown strong market performance. Additionally, 25% of FLOKI's supply is staked and locked for 4 years, reducing sell pressure compared to other meme coins.
