Burn

Memecoin

FLOKI

Coin

<ul class="news-points"> 
 <li>FLOKI surges 316% in a week, enters top 70 cryptos with a $1.43B market cap.</li> 
 <li>Community-driven token burn propels FLOKI’s price up over 100% within 24 hours of the burn.</li> 
 <li>Memecoin season brings a 3,000% spike in weekly trading volume.</li> 
</ul> 
The memecoin <a href="https://coinedition.com/tag/floki-inu-floki/">Floki Inu (FLOKI)</a> has risen significantly in the last week and is now among the top 70 cryptocurrencies by market capitalization. This quick rise is due to a combination of increase in trading volumes and appreciation in price, community-driven token burn amid the wider memecoin season that has gripped the market recently. 
At press time, FLOKI was trading at $0.0001498, up 14% in the last 24 hours and 316% in the past week. FLOKI’s market capitalization in addition surged by 10.26% to $1.43B in the last day. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/6oVqK6JfvVGz2HG5W_dsj33lWfE2VEnkICg8sUsfOMM4ge-41bJyZXWcZw8yhnEU1OAVUjN4_pPKnD2eQ93QdbqTfg-j0Ob5Qy859VOEYMKDqLcBCHbuSNEHzO8vh_00TrzFwb3cC3M3hxdF1W9Gedo" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 FLOKI/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/floki-inu/" target="_blank" rel="nofollow">CoinStats</a>)
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</div> 
<h2 class="wp-block-heading" id="h-community-engagement-and-token-burn">Community Engagement and Token Burn</h2> 
The rise of Floki Inu can be attributed to a community action whereby a <a href="https://snapshot.org/#/floki-inu.eth/proposal/0xec8b0fd54d2be2ae59d8598a719daf91d55cf79247a2dad01b4806915dca7002" target="_blank" rel="nofollow">proposal</a> to burn 2% of the token’s supply received overwhelming support. The token burn was considered good by the community and the investors as it meant reducing supply and possibly increasing the value of the remaining tokens.&nbsp; 
This prompted…
The post <a href="https://coinedition.com/floki-enters-top-70-cryptos-after-rallying-316-in-a-week/">FLOKI Enters Top 70 Cryptos After Rallying 316% in a Week</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

FLOKI Enters Top 70 Cryptos After Rallying 316% in a Week

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