According to Foresight News, the Floki community has initiated a proposal to burn 15,246,000,000 FLOKI tokens, as shown on the Snapshot governance page. The voting on this proposal ended at 03:12 Beijing time on May 16. It was reported that a recently affected wallet sent 15,400,000,000 FLOKI tokens to the Floki multi-signature wallet. The proposal suggests returning 1% of the tokens to this wallet, while the remaining part should be destroyed. This move is seen as a measure to maintain the value and stability of the FLOKI token in the market.
Floki Community Proposes to Burn 15,246,000,000 FLOKI Tokens
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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