Token

Burn

Floki DAO

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/floki-coin-dao-approves-massive-token-burn/" data-wpel-link="internal">Floki Coin DAO Approves Massive Token Burn</a> 
<a href="https://en.coin-turk.com/bitcoin-faces-uncertain-september-as-analysts-predict-a-challenging-month-ahead/" data-wpel-link="internal">Bitcoin</a> <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">price</a> is near the $66,000 threshold while altcoins are making various moves to stand out positively. Token burns are extremely important for meme coins. Projects with massive supplies boost unit <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">prices</a> by conducting large burns once they become popular enough. The Floki Coin team did exactly this. 
<h2 style="text-align: justify" id="floki-coin-burn">Floki Coin Burn</h2> 
According to a recent announcement on their official X account, Floki Coin’s DAO voted yes to burn over 15 billion tokens. The tokens will be burned within a week and permanently removed from the circulating supply. This was not a very surprising development, and since the vote progressed with over 90% in favor, the price already increased by more than 10% today. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-351862 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/FLOKIUSDT_2024-05-15_23-14-37.png" alt="" width="1045" height="481"> 
After the burn, if BTC does not suffer a major loss, FLOKI Coin may attempt new rises. If it can close above $0.00023, the environment for a larger ATH peak beyond $0.000313 could be created. 
The team wrote in their announcement: 
<blockquote> 
 “OFFICIAL: FLOKI DAO VOTED TO BURN 15,246,000,000 FLOKI TOKENS. 
 Floki DAO voted in favor of burning 15,246,000,000 $FLOKI tokens, and the proposal was accepted with an overwhelming majority of 99.84%. 
 In accordance with Floki DAO’s decision, the tokens will be burned within a week.” 
</blockquote> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/floki-coin-dao-approves-massive-token-burn/" data-wpel-link="internal">Floki Coin DAO Approves Massive Token Burn</a></h5>

Floki Coin DAO Approves Massive Token Burn

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