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- FLOKI makes a bullish announcement amidst the Bitcoin (BTC) and Ether (ETH) rally.
- The project will burn over 15 billion FLOKI tokens on May 22, 2024.
- The price of FLOKI is already bullish, and is up by 10% in the last 24 hours.
Floki just confirmed the date for its latest token burn. In detail, 15,246,000,000 FLOKI tokens were burned after a unanimous 99.84% vote to burn the tokens by the Floki Community, specifically, the Floki DAO.
In line with the decision of the #Floki DAO, 15,246,000,000 $FLOKI tokens will be burnt on May 22, 2024.
— FLOKI (@RealFlokiInu) May 20, 2024
The #Floki DAO voted in favor of burning 15,246,000,000 $FLOKI tokens, with an overwhelming majority of 99.84% voting in favor of the burn.
Stay tuned for further updates! https://t.co/aHBUmTepbD
As we can see from the official FLOKI post above, the burn date has been set for May 22, 2024. The community promises updates soon. No doubt, the FLOKI Army is hoping to see the FLOKI price soar soon after.
The news is already causing bullish action towards FLOKI price. As FLOKI prepares for a bullish week ahead surrounding the massive burn, the price of FLOKI is already moving in an upward rally.
According to CoinMarketCap, the price of FLOKI is up by over 10% in the last 24 hours. The asset is currently at the value of $0.0002127, this is slightly lower than its previously set ATH at the price of $0.0003437.
Part of the bullish surge could be a contribution for the ongoing bullish rally of Bitcoin (BTC). The pioneer crypto asset has soared past $71,000 and is moving steadily towards its previous ATH of $73,737. Many analysts expert Bitcoin to set new ATHs as the asset has reentered its discovery phase.
The next leg up for Bitcoin (BTC) is expected to be at the $80,000 price range. Of course, when Bitcoin moons, Ethereum is not far behind. Today, ETH price also shot up at an incredible rate and a big reason is high expectation for an early ETH ETF approval.
Many traders speculate the confirmation of an early ETH ETF approval to be the start of the altseason. This means bullish sentiment is ablaze in the crypto space and new ATHS are on the way for every altcoin and memecoin in the space.
Certainly, the latest FLOKI burn is only adding to the excitement. We will have to wait and see where this bullish season is headed for Bitcoin, Ethereum, and FLOKI. Can FLOKI beat its ATH this week?