- Yesterday, Burn Floki shared on X that 36,285,089 FLOKI tokens were burned in just one hour.
- At press time, FLOKI was worth $0.00003525 after its price dipped by $1.20 in the past 24 hours.
- A significant bearish flag was on the verge of being triggered on FLOKI’s daily chart.
The Floki (FLOKI) coin tracking platform, Burn Floki, announced on X yesterday that approximately 36,285,089 FLOKI tokens were burned from the total supply in just 1 hour. The burned FLOKI was worth about $1,289, according to the post.
36,285,089 (~$1,289) $FLOKI tokens burned from the total supply in the past hour. #FLOKI @RealFlokiInuhttps://t.co/9byaZicGPz
— Burn FLOKI (@burn_FLOKI) October 29, 2023
Meanwhile, FLOKI’s burn tracking platform indicated that about 44,998,414.51 tokens were burned in the past 24 hours. Yesterday’s massive burning was a big chunk of the 116,965,689.17 FLOKI tokens that were removed from the supply throughout the past month.
So far, about 5,769,420,432,475.91 (57.694%) of the token’s total supply has been burned. However, it is worth noting that the FLOKI token burns are slowing down a bit as there have been zero burns in the past hour.
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