FLOKI Grows Over 300% As Memecoin Breaches $400 Million TVL – Details
Floki Inu (FLOKI), a canine-themed cryptocurrency, has witnessed a remarkable surge in its price, capturing the attention of investors, traders, and enthusiasts alike.
The coin’s value has experienced a sharp increase, with the past 24 hours alone seeing a surge of over 50%.
Related Reading: Solana Meme Coin Dogwifhat (WIF) Hits New ATH, Market Cap Breaks $1.6 Billion FLOKI Tallies An Impressive 336% Weekly Gain However, it is the weekly timeframe that has truly astounded market observers, as FLOKI recorded an impressive rally of 336%.
This surge in price comes on the heels of a community-backed proposal to burn 2% of the token’s supply.
The proposal to burn tokens was met with overwhelming support from the community, with nearly 90% of votes favoring the initiative.
The top voter staked a staggering 117 billion tokens, demonstrating the belief in the long-term security and stability of the Floki project.
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…