- Floki DAO executed a historic burn of 190.91 billion tokens.
- $1.12 million worth burned in a week; utility-driven momentum grows.
- The FLOKI team shares burn transactions on ETH and BSC for transparency.
In a monumental move aligned with the Floki DAO’s resolution, a staggering 190,918,585,431.84 FLOKI tokens have been successfully burned across the Ethereum (ETH) and Binance Smart Chain (BSC) networks.
The total valuation of the torched tokens, as of this momentous announcement, surpasses an impressive $47 million. In detail, the Ethereum chain saw 120,000,000,000.00 FLOKI burn while the BSC network saw 70,918,585,431.84 FLOKI burn.
For transparency and verification, the FLOKI team shared links to both the Ethereum chain FLOKI burn as well as the Binance Smart Chain FLOKI burn. Any viewer can explore tehse links to track the burns on both chains.
While this marks a substantial token burn, it’s crucial to emphasize that the ongoing utility-driven burns will contribute significantly to reducing the total supply of FLOKI over the long term. Just last week, we proudly reported a remarkable 1.12 million worth of FLOKI tokens burned within a week through Floki utility and early unstaking penalty fee burns.
The momentum of utility-powered FLOKI burns has intensified since the announcement, with an additional 11,393,659,974 FLOKI tokens meeting their fiery fate in the past week alone. The current value of these incinerated tokens stands at an impressive $2.8 million.
According to CoinGecko, FLOKI price stands at $0.0002557. The token is up by 14.3% in the last 24 hours and up by $620.8% in the last 14 days. As the utility-driven burning mechanism gains momentum, the Floki community anticipates a continued reduction in token supply, reaffirming its commitment to long-term sustainability and value appreciation.
