FLOKI Sets Date to Incinerate 15,246,000,000 Tokens Following Floki DAO Ballot, FLOKI Price Skyrockets by Over 10% Amidst Encouraging News
Floki has officially declared the date for its upcoming token burn. Specifically, 15,246,000,000 FLOKI tokens have been incinerated following a resounding 99.84% vote in favor of the burn by the Floki Community, specifically, the Floki DAO.
According to the Twitter announcement from Floki, the token burn is scheduled to take place on May 22, 2024. The community eagerly awaits further updates, anticipating a significant surge in the value of FLOKI tokens.
Unsurprisingly, this news has already fueled bullish sentiment towards FLOKI, leading to a surge in its price. As FLOKI gears up for an exciting week ahead, driven by the massive token burn, its price is already experiencing an upward rally.
CoinMarketCap data shows that FLOKI’s price has increased by over 10% in the last 24 hours. Currently valued at $0.0002127, it is slightly below its previous all-time high (ATH) of $0.0003437.
This bullish surge could be partly attributed to the ongoing rally of Bitcoin (BTC), the pioneering cryptocurrency that has surpassed $71,000 and is inching closer to its previous ATH of $73,737. Market experts predict that Bitcoin will establish new ATHs as it enters its discovery phase, with the next significant milestone projected to be within the $80,000 price range. As history has shown, Ethereum tends to follow suit whenever Bitcoin experiences significant gains. Today, ETH’s price has also skyrocketed, largely due to expectations of an early approval for an Ethereum Exchange-Traded Fund (ETF).
Many traders believe that the confirmation of an early ETH ETF will mark the beginning of the altseason, igniting a bullish sentiment across the crypto space and paving the way for new ATHs for various altcoins and memecoins. The anticipation surrounding the FLOKI burn is fueling this excitement even further. The crypto community eagerly awaits to witness how this bullish season unfolds for Bitcoin, Ethereum, and, most importantly, FLOKI. Will FLOKI surpass its ATH this week? Only time will tell.