$FLOKI

Floki Inu has recently conducted a significant token burn, eliminating over 14.5 billion FLOKI tokens valued at more than $3.2 million in the past week. This action coincided with a remarkable 455% month-to-date surge in its price. FLOKI, known for its dog-themed meme coin, has experienced its highest price level in over two years, likely fueled by the recent token burn initiative.
The project has been actively burning tokens for some time, with the Floki Inu DAO burning 4.2 trillion FLOKI tokens in January last year, amounting to $100 million. These token burns, which are based on utility, aim to reduce the circulating supply. As demand for Floki Inu's ecosystem grows, more tokens are being burned, driven by products such as the Floki Staking program, the FlokiFi Locker DeFi Protocol, and transactions on the ETH and BNB chains.
The recent surge in Bitcoin prices, reaching a new all-time high near $72,000 on March 11, has contributed to a bullish sentiment among investors. Memecoins like FLOKI have benefited from this market optimism, experiencing significant gains in the recent buying frenzy.
However, FLOKI's price encountered profit booking on March 11, following its substantial rally. Despite erasing a zero from its price label during the month, the rally paused as FLOKI attempted to surpass $0.0003, resulting in an 18.3% drop to a daily low near $0.000245 on March 11. The relative strength index (RSI) for FLOKI remains overbought, indicating a strong presence of bulls in the market. However, an overbought RSI level often signals a potential bearish reversal or consolidation phase.
If FLOKI's price rally stalls, it may find support near $0.00022 or the 20-day EMA support near $0.00015. Conversely, continued upward momentum could lead to a breakthrough of resistance levels near $0.000343 and $0.000433.

#HotTrends #floki #TokenBurn

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$SHIB
Exciting developments are underway in the Shiba Inu ecosystem as the team unveils plans for a significant token burn in the near future. Lucie, a marketing expert within the Shiba Inu community, has announced the accumulation of 40 Ethereum (ETH) for the explicit purpose of burning SHIB tokens.

With Ethereum currently priced at $3,893, the value of these 40 ETH stands at an impressive $155,720. This strategic move is poised to reduce the circulating supply of SHIB tokens, potentially reshaping the token's market dynamics in a profound way.

While specific details surrounding the burn remain somewhat veiled, it's evident that this initiative aligns with the Shibarium-powered burns that have been underway since December 2023. Notably, the Shibarium team has already executed five burns, eliminating a staggering total of 43 billion SHIB tokens, with the most recent burn removing 9.35 billion SHIBs from circulation on January 9.

Anticipation is mounting for the upcoming burn, funded by 40 ETH, which could see approximately 4.64 billion SHIB tokens taken out of circulation. While this figure represents only a fraction of the total supply, which is in the trillions, such burns play a pivotal role in exerting deflationary pressure on the token, potentially driving up Shiba Inu's price amidst growing demand.

Furthermore, the forthcoming integration of the Shibarium protocol, currently undergoing rigorous testing, is expected to enable automatic burns under specific conditions, further solidifying the deflationary mechanism within the ecosystem.

This planned token burn is a testament to the ongoing dedication of the Shiba Inu team to actively manage the token's supply. Leveraging the cutting-edge capabilities of the Shibarium platform, the team is committed to enhancing the token's value proposition for its loyal community of holders.

As the community eagerly awaits further details on the burn and the deployment of the Shibarium burn portal, these developments underscore the team's unwavering commitment to fortifying the token's market performance through strategic supply reduction.

#ShibaInu2024 #ShibaArm #TokenBurn

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$SHIB
Exciting developments are underway in the Shiba Inu ecosystem as the team unveils plans for a significant token burn in the near future. Lucie, a marketing expert within the Shiba Inu community, has announced the accumulation of 40 Ethereum (ETH) for the explicit purpose of burning SHIB tokens.

With Ethereum currently priced at $3,893, the value of these 40 ETH stands at an impressive $155,720. This strategic move is poised to reduce the circulating supply of SHIB tokens, potentially reshaping the token's market dynamics in a profound way.

While specific details surrounding the burn remain somewhat veiled, it's evident that this initiative aligns with the Shibarium-powered burns that have been underway since December 2023. Notably, the Shibarium team has already executed five burns, eliminating a staggering total of 43 billion SHIB tokens, with the most recent burn removing 9.35 billion SHIBs from circulation on January 9.

Anticipation is mounting for the upcoming burn, funded by 40 ETH, which could see approximately 4.64 billion SHIB tokens taken out of circulation. While this figure represents only a fraction of the total supply, which is in the trillions, such burns play a pivotal role in exerting deflationary pressure on the token, potentially driving up Shiba Inu's price amidst growing demand.

Furthermore, the forthcoming integration of the Shibarium protocol, currently undergoing rigorous testing, is expected to enable automatic burns under specific conditions, further solidifying the deflationary mechanism within the ecosystem.

This planned token burn is a testament to the ongoing dedication of the Shiba Inu team to actively manage the token's supply. Leveraging the cutting-edge capabilities of the Shibarium platform, the team is committed to enhancing the token's value proposition for its loyal community of holders.

As the community eagerly awaits further details on the burn and the deployment of the Shibarium burn portal, these developments underscore the team's unwavering commitment to fortifying the token's market performance through strategic supply reduction.

#ShibaInu2024 #ShibaArm #TokenBurn

Terra Luna Classic Community Contemplates Token Burn Proposal

Terra Luna Classic (LUNC) has recently witnessed a significant development with the successful approval of community proposals 11658 and 11660. These proposals authorize the retrieval and potential incineration of a total of 800 million USTC tokens. While the sentiment leans towards directing these tokens to a burn address, debates within the community are intensifying over the appropriate course of action.

Proposal 11658 and the Shift in Staking Ratio

Proposal 11658, put forward by Vegas, a former member of the ex-Terra Rebels developer group, has gained approval with a 70.27% affirmative vote. Vegas suggests reintegrating the 800 million USTC on-chain funds back into the Terra Luna Classic community pool, citing deviations in the Ozone Protocol project's development plan.

In parallel, Proposal 11660, titled “Burn 100% of Funds Should Prop: 11658 Pass,” has garnered substantial support with an 82.55% "Yes" vote. This counter-proposal advocates for the complete incineration of the 800 million tokens, possibly taking precedence due to its higher vote count.

Implications for LUNC's Price Dynamics

The recent community decisions have raised questions about the impact on LUNC's price dynamics and overall sentiment. Notably, there has been a decline in LUNC's staking ratio within the past 24 hours, indicating that holders are un-staking their tokens. This trend suggests a waning level of trust and confidence in LUNC's performance.

The current staking ratio for LUNC stands at 14.92%, reflecting the portion of tokens committed to staking and underscoring the community's engagement.

Awaiting Community Consideration

While the community is yet to reach a consensus on the final course of action, the debate surrounding the token burn proposal and its potential impact on LUNC's valuation continues. The aftermath of these decisions has left the community in anticipation of their effects on the token's price dynamics and overall sentiment.

Disclaimer: Cryptocurrency markets are subject to volatility, and the information provided in this article is for informational purposes only and should not be considered financial advice.

#TerraLunaClassic

#TokenBurn

#CryptoCommunity

#LUNC

#Cryptocurrency

Source: [Crypto World by INQ2]

$SHIB
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Exciting developments are underway in the Shiba Inu ecosystem as the team unveils plans for a significant token burn in the near future. Lucie, a marketing expert within the Shiba Inu community, has announced the accumulation of 40 Ethereum (ETH) for the explicit purpose of burning SHIB tokens.

With Ethereum currently priced at $3,893, the value of these 40 ETH stands at an impressive $155,720. This strategic move is poised to reduce the circulating supply of SHIB tokens, potentially reshaping the token's market dynamics in a profound way.

While specific details surrounding the burn remain somewhat veiled, it's evident that this initiative aligns with the Shibarium-powered burns that have been underway since December 2023. Notably, the Shibarium team has already executed five burns, eliminating a staggering total of 43 billion SHIB tokens, with the most recent burn removing 9.35 billion SHIBs from circulation on January 9.

Anticipation is mounting for the upcoming burn, funded by 40 ETH, which could see approximately 4.64 billion SHIB tokens taken out of circulation. While this figure represents only a fraction of the total supply, which is in the trillions, such burns play a pivotal role in exerting deflationary pressure on the token, potentially driving up Shiba Inu's price amidst growing demand.

Furthermore, the forthcoming integration of the Shibarium protocol, currently undergoing rigorous testing, is expected to enable automatic burns under specific conditions, further solidifying the deflationary mechanism within the ecosystem.

This planned token burn is a testament to the ongoing dedication of the Shiba Inu team to actively manage the token's supply. Leveraging the cutting-edge capabilities of the Shibarium platform, the team is committed to enhancing the token's value proposition for its loyal community of holders.

As the community eagerly awaits further details on the burn and the deployment of the Shibarium burn portal, these developments underscore the team's unwavering commitment to fortifying the token's market performance through strategic supply reduction.
#ShibaInu2024 #ShibaArm #TokenBurn