Token

FLOKI

Momentum

<ul> 
 <li>Floki DAO votes to burn 190.9B $FLOKI tokens for project stability.</li> 
 <li>Shiba Inu’s SHIB climbs to top <a href="https://cryptonewsland.com/10000-xrp-at-100-per-coin/">10</a> market caps, surpassing $20.72 billion.</li> 
 <li>Analyst sees meme coin surge as the start of a new market wave.</li> 
</ul> 
<p>In a dynamic weekend move, the Floki DAO has voted to burn a staggering 190.9 billion <a href="https://floki.com/" target="_blank" rel="noreferrer noopener nofollow">FLOKI</a> tokens, equivalent to 2% of its circulating supply. The burn, scheduled for Saturday at 4 PM UTC, holds a current valuation of $31.5 million.</p> 
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   <p lang="en" dir="ltr">190.9 BILLION <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> TOKEN BURN ON SATURDAY BY 4PM UTC<br><br>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, which the <a href="https://twitter.com/hashtag/Floki?src=hash&amp;ref_src=twsrc%5Etfw">#Floki</a> DAO voted in favor of burning, will be burned on Saturday at 4 PM UTC!<br><br>This represents 2% of FLOKI's circulating supply and is currently valued at $31,501,567. Burning… <a href="https://t.co/Vdd8IzUaSx">pic.twitter.com/Vdd8IzUaSx</a></p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1764710384303247536?ref_src=twsrc%5Etfw">March 4, 2024</a>
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<p>This strategic move aims to enhance the long-term security and stability of the Floki project by permanently removing a substantial portion of tokens from circulation. The FLOKI community is eagerly awaiting another significant surge for the token following the burn.</p> 
<p>At the same time, Shiba Inu’s <a href="https://twitter.com/Shibtoken/status/1764808392189632690" target="_blank" rel="noreferrer noopener nofollow">SHIB asserts its dominance</a> in the meme coin space. With an impressive performance, SHIB has secured a spot in the top 10 cryptos by market cap, boasting over $20.72 billion. Following a <a href="https://cryptonewsland.com/shiba-inus-anticipated-shib-burn-a-catalyst-for-price-surge/" target="_blank" rel="noreferrer noopener">recent burn after an initial surge</a> in price, SHIB continues its upward trajectory.</p> 
<p>Despite concerns in some quarters about meme coins signaling an overheated market, a crypto analyst counters this perspective. According to the analyst, the recent <a href="https://cryptonewsland.com/dogecoin-investors-rejoice-potential-for-parabolic-ascent-ahead/" target="_blank" rel="noreferrer noopener">surge in DOGE</a> and other meme coins marks the beginning of retail investors returning to the market.</p> 
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   <p lang="en" dir="ltr">People think memes pumping means the market is overheated <br><br>This is WRONG and very outdated<br><br>The recent pumps in DOGE+ other memes signals the VERY BEGINNING of retail coming back<br><br>These are the coins that a huge portion of 21 traders gravitated towards (because they are…</p>— EllioTrades (@elliotrades) <a href="https://twitter.com/elliotrades/status/1764812359485505904?ref_src=twsrc%5Etfw">March 5, 2024</a>
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<p>The familiarity of these coins attracts a significant portion of traders, indicating the initiation of a new market wave. The surge in these meme coins is seen as the starting point of a broader upward trend.</p> 
<p>As SHIB and FLOKI command attention with strategic moves and remarkable performances, the broader crypto community observes with anticipation, speculating on the trajectory of the meme coin sector and its implications for the overall market.</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/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/meme-mania-sweeps-crypto-and-floki-dominates-the-charts/">Meme Mania Sweeps Crypto and FLOKI Dominates the Charts</a></li>
 <li><a href="https://cryptonewsland.com/when-will-flokis-price-surge-past-0-000035-are-you-ready/">When Will FLOKI’s Price Surge Past $0.000035? Are You Ready?</a></li>
 <li><a href="https://cryptonewsland.com/floki-inu-floki-price-prediction-2023/">Floki Inu (FLOKI) Price Prediction 2023</a></li>
 <li><a href="https://cryptonewsland.com/floki-breaks-the-bank-with-sudden-price-surge-with-promising-roadmap/">Floki Breaks the Bank With Sudden Price Surge With Promising Roadmap</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/shib-and-floki-unstoppable-token-burns-fuel-bullish-memecoin-momentum/">SHIB and FLOKI Unstoppable, Token Burns Fuel Bullish Memecoin Momentum</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

SHIB and FLOKI Unstoppable, Token Burns Fuel Bullish Memecoin Momentum

Crypto News Land

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