Token

Burn

FLOKI

Floki DAO

Gains

<a href="https://bitcoinworld.co.in/floki-gains-300-over-the-past-week-after-community-approves-token-burn-proposal/" title="FLOKI Gains 300% Over the Past Week After Community Approves Token Burn Proposal" rel="nofollow"></a>
Floki (FLOKI), a dog-themed cryptocurrency, <a href="https://twitter.com/RealFlokiInu/status/1764371643227427070">experienced</a> a staggering 300% <a href="https://coinstats.app/coins/floki-inu/">price</a> increase in the past 7 days, after the community overwhelmingly voted to burn 2% of the token’s total supply. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 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> 
 — 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> 
This decision, with nearly 90% of votes in favor, aims to permanently remove tokens from circulation, potentially increasing the value of remaining tokens.&nbsp; 
The burn event is expected to occur in seven days, following the large community participation. 
This isn’t the first time Floki has implemented a burning strategy. In January 2023, a similar event took place.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/solana-surged-to-22-month-high-as-bitcoin-rallies/" aria-label="“Solana Surged To 22-Month High As Bitcoin Rallies” (Edit)">Solana Surged To 22-Month High As Bitcoin Rallies</a> 
Last week, developers proposed removing 190 billion tokens, valued at $11 million at the time, to enhance network security and boost overall sentiment. 
Interestingly, the tokens targeted for burning are stored on the Multichain bridge, a platform that faced a significant exploit in July 2023, resulting in over $130 million stolen. 
The FLOKI surge likely benefited from the recent euphoria surrounding meme coins.&nbsp; 
<figure id="attachment_67487" aria-describedby="caption-attachment-67487" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-67487" src="https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart-4-483x300.png" alt="" width="570" height="354" srcset="https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart-4-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Floki-Price-Chart-4.png 760w" sizes="(max-width: 570px) 100vw, 570px">
 <figcaption id="caption-attachment-67487" class="wp-caption-text">
 Floki Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF) and Bonk (BONK) have all witnessed staggering rallies in the past week. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/floki-gains-300-over-the-past-week-after-community-approves-token-burn-proposal/">FLOKI Gains 300% Over the Past Week After Community Approves Token Burn Proposal</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

FLOKI Gains 300% Over the Past Week After Community Approves Token Burn Proposal

ItsBitcoinWorld

Other articles published on Mar 5, 2024

Why is Kelexo (KLXO) Phenomenon Thriving as Ethereum (ETH) and Bitcoin (BTC) Display Resilient 20...

WIF Price Soars 27% as Binance Lists Solana Meme Coin

'Shiba Inu Killer' Dogwifhat Leaps Towards $2 Following Binance Listing: 'Era Of The Meme Coin Is...

Polygon Investors Switch to Selling Mode – How Will This Affect MATIC?

Bitcoin Climbs to Record High Then Retreats Below $65,000 Mark

Tokoh Kripto Popular Melihat Potensi Harga BTC Meroket ke US$200.000 di Tahun Ini, Ini Alasan Kua...

Join our free newsletter for daily crypto updates!