FLOKI Staking Program Attracts Over $54.4M Of Tokens In Just One Week
Portfolio Pulse from Mehab Qureshi
Over $54.4 million worth of FLOKI tokens have been staked in the first week of the program's launch, representing about 17% of the total FLOKI token supply. Most of these tokens are being staked for up to 4 years. Stakers have the opportunity to earn TOKEN rewards over the course of four years, with an annual percentage yield (APY) of up to 160%. FLOKI's price was up 1.99% in the last 24 hours.
November 06, 2023 | 10:22 am
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FLOKI's staking program has attracted a significant amount of tokens, indicating strong investor interest. This could potentially limit the circulating supply and put upward pressure on the price.
The large amount of FLOKI tokens being staked indicates strong investor interest. As these tokens are locked for up to 4 years, they are removed from the circulating supply, which could create a supply-demand imbalance and put upward pressure on the price. However, the impact on the price will also depend on other factors such as overall market conditions and investor sentiment towards FLOKI.
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