° Over 14.5 billion FLOKI tokens burned in the past week, valued at $3.2 million.
° Follows a previous burn of 4.2 trillion tokens, valued at $100 million.
• Strategy and Impact:
° Burns are part of a strategy to decrease supply and increase demand.
° Driven by Floki Staking program, FlokiFi Locker DeFi Protocol, and transactions on ETH and BNB chains.
• Market Outlook:
° Recent price dip attributed to profit booking.
° Aggressive burn policy and positive market sentiment indicate a long-term plan to boost token value through scarcity.
° Ongoing burns expected to strengthen Floki Inu’s market position.
