Floki experienced notable growth during the meme coin craze in March 2024 and has shown an increase of over 400% in the past year despite market fluctuations. A recent announcement revealed the initiation of voting for a burn in FLOKI tokens.
Voting Commences in Floki
Previous burns in FLOKI had a significant market impact, with a new vote announced in May. The proposal suggests burning 15.246 billion $FLOKI tokens, following previous successful DAO votes related to token burning.
The recent proposal aims to return 1% of the burned tokens to an affected wallet as a goodwill gesture, with the remaining tokens set to be permanently removed from circulation by burning if approved by the Floki DAO.
FLOKI Price Update
Amidst the voting news, the price of FLOKI experienced a sharp increase, showing a notable 10% positive change in 24 hours, reaching $0.0001866. The market cap of FLOKI surpassed $1.7 billion, with a significant increase in the 24-hour trading volume to $340 million.
The surge in price and trading volume suggests renewed investor interest in FLOKI. Floki's performance indicates a positive outlook despite market conditions.
