😱🔥 **FLOKI Set to Burn 15.2 Billion Coins, Cementing Bullish Pennant Formation**
The #FLOKI community is set to burn $3.2 million worth of tokens, marking a major milestone. Recently crowned the top altcoin through a combination of social and commercial activities, FLOKI is capturing significant attention.
Analysts are highlighting a bullish pennant for FLOKI, fueling optimism for an all-time high. A new proposal by the FLOKI DAO aims to burn 15,246,000,000 surplus tokens. This proposal, dubbed the "Decoction of Floki," quickly gained traction among community members, with a staggering 99.84% voting in favor.
This isn't the first time FLOKI has initiated such moves. In July 2022, the community voted to burn excess tokens from a blacklisted wallet, and in January 2023, another 4.97 billion tokens were incinerated. More recently, in February 2024, a decision was made to burn an additional 190 billion tokens from the multi-chain bridge.
Although this latest burn involves fewer tokens than previous operations, it aligns with FLOKI's commitment to being a deflationary cryptocurrency governed by community decisions. The incineration is scheduled to occur one week post-approval.
