Burn

Meme Season

FLOKI

Floki DAO

Read

<ul> 
 <li>SHIB and FLOKI experience massive rallies during meme season leading to high burn rates.</li> 
 <li>While Floki DAO votes to burn $24 million worth of tokens, SHIB makes 840% burn.</li> 
 <li>The FLOKI community anticipates FLOKI to shed its memecoin status like SHIB.</li> 
</ul> 
<p>In the midst of the meme season rally, FLOKI and SHIB lead with remarkable surges. SHIB experiences an 840% burn rate, propelling it to a 2-year high with a 70% price increase in a single day. The SHIB Army anticipates further gains.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaInu</a> burn rate skyrockets 840%, driving SHIB to a 2-year high! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>With unprecedented token burn activity, <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw">#SHIB</a>'s price soars over 70% in a day! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f31f.png" alt="🌟" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>Excitement fills the crypto community as optimism surges! Send it! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/IyuXkdOtXw">pic.twitter.com/IyuXkdOtXw</a></p>— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1763905011468112074?ref_src=twsrc%5Etfw">March 2, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Meanwhile, the FLOKI community takes a bold step as the Floki DAO votes to burn a staggering 190,918,585,431.84 FLOKI tokens, valued at over $24 million. This move, constituting 2% of the FLOKI supply, sparks fascination and speculation about its impact on market dynamics and investor sentiment.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">FUN FACT: The 190,918,585,431.84 <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> tokens the Floki DAO voted in favor of burning in our latest DAO proposal is now worth $27,301,357. These tokens will be burnt within the week. Stay tuned for more information! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/Nd7ahqkKcQ">https://t.co/Nd7ahqkKcQ</a> <a href="https://t.co/dgexLqNULC">pic.twitter.com/dgexLqNULC</a></p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1764371643227427070?ref_src=twsrc%5Etfw">March 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The decision aligns with the growing trend of meme coins embracing token burns to sustain their ecosystems. Both SHIB and FLOKI <a href="https://cryptonewsland.com/mysterious-whale-wallet-moves-22m-worth-shib-tokens-whats-next/" target="_blank" rel="noreferrer noopener">communities are actively engaged</a> in actions to support and pump their respective meme coins.</p> 
<p>Following the DAO decision, the <a href="https://cryptonewsland.com/meme-mania-sweeps-crypto-and-floki-dominates-the-charts/" target="_blank" rel="noreferrer noopener">FLOKI community eagerly awaits</a> the token’s impressive price growth, drawing parallels with SHIB’s transformation from a memecoin to a prominent cryptocurrency. The burning of substantial FLOKI tokens emerges as an evolutionary move in the crypto world.</p> 
<p>As excitement fills the crypto community, the burning trend during this meme season exemplifies the innovative strategies employed by meme coin communities to redefine their status in the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>. Both SHIB and <a href="https://www.coingecko.com/en/coins/floki" target="_blank" rel="noreferrer noopener nofollow">FLOKI experienced massive price surges</a> of over 180% and over 300% respectively according to <a href="https://www.coingecko.com/en/coins/shiba-inu" target="_blank" rel="noreferrer noopener nofollow">CoinGecko</a>.</p> 
<p>Investors and enthusiasts are keenly observing whether FLOKI, like SHIB, will undergo a metamorphosis and shed its memecoin classification in the coming months. Evolutionary times indeed in the vibrant world of cryptocurrencies. Stay tuned for updates on these dynamic meme coins shaping the current crypto landscape.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/trustlessly-purchasing-an-nft-on-flare-using-the-token-of-a-different-blockchain/">Trustlessly purchasing an NFT on Flare using the token of a different blockchain.</a></li>
 <li><a href="https://cryptonewsland.com/flare-launches-layer-1-oracle-network/">Flare Launches Layer 1 Oracle Network</a></li>
 <li><a href="https://cryptonewsland.com/how-will-floki-inu-achieve-its-0-000093-milestone-in-2024/">How Will Floki Inu Achieve Its $0.000093 Milestone in 2024?</a></li>
 <li><a href="https://cryptonewsland.com/ripples-partner-flare-achieves-a-remarkable-44-surge-in-just-seven-days/">Ripple’s Partner, Flare, Achieves a Remarkable 44% Surge in Just Seven Days</a></li>
 <li><a href="https://cryptonewsland.com/meme-mania-sweeps-crypto-and-floki-dominates-the-charts/">Meme Mania Sweeps Crypto and FLOKI Dominates the Charts</a></li>
</ul>  
<p>The post <a href="https://cryptonewsland.com/shib-and-floki-see-record-high-burn-rates-as-meme-season-flares/">SHIB and FLOKI See Record High Burn Rates as Meme Season Flares</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

SHIB and FLOKI See Record High Burn Rates as Meme Season Flares

Crypto News Land

Other articles published on Mar 4, 2024

Nigeria’s government rails against crypto as naira plummets

100 billion dollars for Tether: A monumental breakthrough in the crypto world

Why DOGE’s ‘in the money’ cohort may continue to grow

Cardano (ADA) Volume Paints Dangerous Trend, Ethereum: Is There Problem? Solana (SOL) on Verge of...

Bitcoin Achieves Milestone with Record Block Size

Hidden Crypto Gems Set to Explode in 2024

Join our free newsletter for daily crypto updates!