🐶 Floki Inu (FLOKI) to Burn 15.2 Billion Tokens Worth $2.8 Million🔥
The Floki Inu community is set to burn 15.2 billion FLOKI tokens, valued at $2.8 million. This move, supported by a 2022 community vote, aims to eliminate tokens from blacklisted wallets, permanently removing them from circulation.
The decision to burn these tokens comes from a consensus within the community, reflecting their commitment to maintain the integrity and value of FLOKI. The community has stressed that tokens in blacklisted wallets can only be sent to the Floki multisig, and burning them aligns with their expectations.
As a goodwill gesture, the Floki DAO has promised to distribute 1% of the value of the burned tokens, approximately 154 million FLOKI, to those affected. This could incentivize more users to support future burns. The proposal has already garnered 232 votes, showing strong community backing.
This isn’t the first token burn for Floki Inu. In February, the community voted to burn 190.9 billion tokens recovered from the multi-chain bridge, demonstrating the DAO’s decisive and decentralized nature.
Following the burn announcement, FLOKI’s price surged over 11%, from $0.0001872 to $0.0002025. Trading volume also spiked by 235.29% in the last 24 hours, reflecting heightened market activity and investor interest.
Stay tuned for more updates on how this significant burn will impact the Floki Inu ecosystem! 🐾
