Floki Token Burn: A Big Burn for the Coin's Future!
A whopping 190.91 BILLION FLOKI tokens have been successfully burned, following the decision by the #Floki DAO!
This translates to over $47 MILLION worth of FLOKI tokens being removed from circulation, split across the ETH and BNB chains:
ETH: 120,000,000,000.00 $FLOKI
BSC: 70,918,585,431.84 $FLOKI
This burn is a major development for the future of FLOKI! Less circulating tokens can potentially lead to increased value in the long run. But this is just the beginning!
On top of this massive burn, the Floki team announced that OVER $1.4 MILLION worth of FLOKI tokens were burned in the last week through utility and early unstaking penalty fees. And this number is set to grow!
Utility-driven burning is poised to become increasingly important for FLOKI. As adoption and use of the coin increase, more tokens will be burned, contributing to its value.
This is a big step forward for the future of $FLOKI We're excited to see what the future holds for this coin!