FLOKI Grows Over 300% As Memecoin Breaches $400 Million TVL – Details
04 Mars 2024 - 11:09AM
NEWSBTC
Floki Inu (FLOKI), a canine-themed cryptocurrency, has witnessed a
remarkable surge in its price, capturing the attention of
investors, traders, and enthusiasts alike. The coin’s value has
experienced a sharp increase, with the past 24 hours alone seeing a
surge of over 50%. Related Reading: Solana Meme Coin Dogwifhat
(WIF) Hits New ATH, Market Cap Breaks $1.6 Billion FLOKI Tallies An
Impressive 336% Weekly Gain However, it is the weekly timeframe
that has truly astounded market observers, as FLOKI recorded an
impressive rally of 336%. This surge in price comes on the heels of
a community-backed proposal to burn 2% of the token’s supply. The
proposal to burn tokens was met with overwhelming support from the
community, with nearly 90% of votes favoring the initiative. The
top voter staked a staggering 117 billion tokens, demonstrating the
belief in the long-term security and stability of the Floki
project. IT’S OFFICIAL: FLOKI DAO PASSES VOTE TO BURN
190,918,585,431.84 FLOKI TOKENS The #Floki DAO has voted in favor
of burning 190,918,585,431.84 $FLOKI tokens. At the current market
value, this is worth over $24 MILLION. In line with the decision of
the Floki DAO, the tokens will… pic.twitter.com/uGu0XFU5p9 — FLOKI
(@RealFlokiInu) March 2, 2024 The burn event is scheduled to take
place after a seven-day period, and its purpose is to minimize the
risks associated with token exploitation and dumping, thereby
ensuring the project’s sustainability. Social Media Buzz And
Positive Sentiment An investigation by NewsBTC has revealed a
surge in social media mentions for Floki Inu in recent days,
indicating the continued popularity of the meme coin within the
cryptocurrency community. Moreover, a rise in weighted sentiment
suggests that positive views towards the token prevail at the time
of writing. This growing social media buzz and optimistic sentiment
have played a role in attracting attention to Floki Inu and
contributing to its meteoric rise in value. Source: Santiment FLOKI
Total Value Locked Soars Meanwhile, Floki has reached a noteworthy
accomplishment. Total Value Locked (TVL) across its ecosystem goods
has exceeded $400 million. This accomplishment follows the
cryptocurrency’s all-time high of $366 million, which showed its
quick rise and investor appeal. FLOKI CROSSES RECORD $400M IN
TVL#Floki has just crossed $400M in TVL across two of its key
ecosystem products, hours after it hit an ATH of $366 million: –
Floki Staking: $297M+ – FlokiFi Locker: $111M+$FLOKI now has more
TVL than that of other top memecoins like $PEPE,…
pic.twitter.com/rjCXPF7y6H — FLOKI (@RealFlokiInu) March 2, 2024 As
the crypto market continues to evolve, all eyes remain on Floki Inu
and its future trajectory. Market participants eagerly await the
outcome of the token burn event and closely monitor the impact of
social media trends and cautionary indicators on the coin’s price.
Total crypto market cap at $2.3 trillion on the daily chart:
TradingView.com The coming days will shed more light on whether
Floki Inu can sustain its current momentum or if a correction is on
the horizon. Related Reading: Shiba Inu Just Ballooned To 124% –
What’s Pushing The Price Up? Floki Inu’s recent surge in price,
driven by overwhelming community support for a token burn proposal,
has captured widespread attention. The coin’s popularity on social
media and positive sentiment within the cryptocurrency community
further contribute to its rise. Featured image from Pexels, chart
from TradingView
Pepe (COIN:PEPEUSD)
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De Avr 2024 à Mai 2024
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