$FLOKI Floki Inu (FLOKI) plans to burn 15.2 billion tokens.
The Floki Inu community proposed to burn 15,246,000,000 FLOKI tokens, worth 2.8 million USD. The community explains that these actions are aimed at removing tokens from blacklisted examples.
Burn 15.2 billion tokens
FLOKI Inu detailed that the burn of 15.2 billion FLOKI tokens was supported by the 2022 vote, in which the community burned excess tokens.
Floki DAO even promised those who voted to send back 1% of the valuable tokens. 154 million FLOKI, freely distributed to the affected people. This could encourage more wallets to send their excess amounts to be burned.
The community voted to burn 190.9 billion tokens in February.
This is not the first time the community has voted to burn FLOKI. In February, they voted to burn 190.9 billion FLOKI tokens recovered from the multi-chain bridge.
Following the announcement, FLOKI increased more than 11% from $0.0001872 to around $0.0002025. Meanwhile, the token's trading volume has increased by 235.29% in the past 24 hours.
