Floki will burn 15.2 billion coins, consolidating a bullish pennant setup

The community#FLOKIcoin chose to destroy $3.2 million worth of FLOKI tokens. Floki has been ranked as the top altcoin in a short period of time by combining social and business activities. Analysts point to FLOKI's bullish pennant, strengthening their hopes for a new all-time high. 免費劲🐍 qu；+魏；LSTT0112

A new proposal from the FLOKI Decentralized Autonomous Organization (DAO) proposes to destroy 15,246,000,000 remaining FLOKI tokens. Floki's decoction proposal quickly caught the attention of community members, who voted almost unanimously in favor of implementing it.

According to the results, 99.84% of voters agreed to burn 15.2 billion Floki coins, as the proposal modifies the three previous burns initiated by the Floki DAO. In July 2022, the Floki community voted on whether to burn excessive tokens taken from blacklisted wallets, and in January 2023, the community decided to burn another 4.97 tons of Floki tokens.

In addition, Floki owners voted to burn another 190 billion FLOKI coins mined from the multi-chain bridge in February 2024. It is worth noting that in the latest FLOKI DAO destruction event, the number of Floki coins was less than in the first three destruction actions initiated by the DAO.

However, this fact is in line with FLOKI's goal of maintaining a deflationary cryptocurrency that is fully controlled by community decisions. According to the description of the proposal, the burning operation will be carried out one week after approval.