Token Burn: FLOKI DAO recently burned over 190 billion tokens, reducing supply and increasing scarcity, which has driven up the price.
Whale Activity: Large-scale purchases by crypto whales, such as a recent $4 million investment, have further boosted FLOKI's market value.
Bullish Market Trends: Overall positive sentiment in the meme coin sector and the broader cryptocurrency market has contributed to FLOKI's rise.
Strong Community Support: Increased interest and investment from the crypto community, bolstered by strategic marketing campaigns and partnerships, such as the collaboration with the World Table Tennis Championship.
Ecosystem Development: FLOKI's robust ecosystem, including significant Total Value Locked (TVL) in staking and DeFi products, adds to its credibility and growth potential.
