$FLOKI Floki Inu (FLOKI) token burn was a notable event in the cryptocurrency space. Here are some key points related to this event .
The Floki development team proposed burning 2% of FLOKI's circulating supply, equivalent to around 190.92 billion tokens.
The burned tokens, worth over $47 million, were removed permanently from circulation by being sent to an inaccessible wallet.
The goal of the token burn was to increase the scarcity of FLOKI and boost its security.
The price of FLOKI rose by 600% over two weeks and by 21% over the past 24 hours, reaching $0.0002488.
The token burn event was approved by the Floki DAO, with 84% of the votes supporting the burn.
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