DAO's proposal to burn $55 million tokens causes Floki Inu prices to soar 14%
Floki Inu, the meme-inspired cryptocurrency, shot to new heights on the market after a proposal to incinerate a staggering $55 million worth of its tokens was put forth and embraced by the community.
This playful pup’s token price leaped 14% to $0.000012, as reported by CoinmarketCap on the early morning of Jan 27, 2023.
The upward trend was ignited by the community proposal, and is currently being put to a vote.
A nod from the community on the proposed governance plan would see 4.97 trillion Floki tokens, equivalent to $55 million go up in smoke.
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