Floki Soars As Holders Buoyed By Proposal to Remove 15.24B Tokens Out Of Circulation: The Burn Is Real
Portfolio Pulse from Aniket Verma
Floki (CRYPTO: FLOKI) has surged 23% this week due to the return of 'Roaring Kitty' and a proposal to burn 15.24 billion tokens. The proposal has received overwhelming support, with 99.84% votes in favor. This burn event is expected to reduce supply and potentially drive up the price.
May 15, 2024 | 7:23 am
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Floki (CRYPTO: FLOKI) has surged 23% this week due to the return of 'Roaring Kitty' and a proposal to burn 15.24 billion tokens. The proposal has received overwhelming support, with 99.84% votes in favor. This burn event is expected to reduce supply and potentially drive up the price.
The proposal to burn 15.24 billion tokens has received overwhelming support, which is likely to reduce the supply of FLOKI and drive up its price. Historical data shows that similar burn events have led to significant price increases.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100