- FLOKI just successfully completed its 15 billion FLOKI token burn.
- The altcoin is set up to surge alongside ETH once ETH Spot ETF is approved.
- The FLOKI Army is happy to see the project set another major milestone.
Floki Inu (FLOKI) one of the most popular memecoin is being recognized as more of an altcoin than a memecoin showcases its community-led governance prowess with the latest mass FLOKI token burn.
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In detail, the Floki DAO recently made a community decision to burn 15,246,000,000 FLOKI tokens after a unanimous vote. Specifically, 99.84% of Floki DAO members voted to burn over 15 billion FLOKI tokens.
Initially, the decision made to burn these tokens came from the move of a blacklisted user. Now, after the burn, Floki DAO make the decision to give this previously blacklisted user 1% of the burned tokens as an incentive.
This move demonstrates the project’s commitment to community-led decisions and governance. The sentiment from the greater FLOKI community, also known as the FLOKI Army, is mainly bullish. In fact, many voices of the community share their admiration for the project and mark this 15 billion burn as a huge milestone for the project.
Meanwhile, the price of FLOKI is painting bullish flags. According to CoinMarketCap, the price of FLOKI is $0,0002282. In addition, the asset boasts a total market cap of $2,181,069,841 with a 24 hour trading volume of $476,879,596.
Adding to the bullish narrative of FOKI as an Ethereum-based token, another boost of bullish anticipation comes from the fact that an early ETH Spot ETF approval is nearing. Analysts anticipate all ETH-based tokens to surge in price when the approval goes through.
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