Floki Soars As Holders Buoyed By Proposal to Remove 15.24B Tokens Out Of Circulation: The Burn Is Real

Benzinga – Floki (CRYPTO: FLOKI) gained significant positive momentum this week, fueled largely by the combination of the “Roaring Kitty” hype, and a fresh proposal to kick a large portion of the supply out of circulation.

What Happened: The memecoin soared 23% since the week began, riding high on the social media comeback of retail trader “Roaring Kitty,” an event that has also pumped meme stocks in the traditional markets.

To top it up, a proposal by the Floki DAO–an organization that votes on decisions concerning the project– to burn a whopping 15.24 billion tokens, boosted the coin further.

The proposal, polling for which ends on May 16, gained an overwhelming 99.84% votes in favor of the burn.


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