Benzinga - Floki (CRYPTO: FLOKI) has seen its value skyrocket by 326% in just a week after its community approved a plan to destroy 2% of its total tokens. The decision was made through a vote where nearly all participants were in agreement.
What Happened: The FLOKI community voted in favor of removing 190 billion Floki tokens permanently from circulation. This token reduction process is set to happen in a few days.
FUN FACT: The 190,918,585,431.84 $FLOKI tokens the Floki DAO voted in favor of burning in our latest DAO proposal is now worth $27,301,357. These tokens will be burnt within the week. Stay tuned for more information!