FLOKI Token Burning Strategy and Market Impact

$FLOKI

° Over 14.5 billion FLOKI tokens burned in the past week, valued at $3.2 million.

° Follows a previous burn of 4.2 trillion tokens, valued at $100 million.

• Strategy and Impact:

° Burns are part of a strategy to decrease supply and increase demand.

° Driven by Floki Staking program, FlokiFi Locker DeFi Protocol, and transactions on ETH and BNB chains.

• Market Outlook:

° Recent price dip attributed to profit booking.

° Aggressive burn policy and positive market sentiment indicate a long-term plan to boost token value through scarcity.

° Ongoing burns expected to strengthen Floki Inu’s market position.

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