The Floki Inu (CRYPTO:FLOKI) community proposes to burn 15.2 billion FLOKI tokens, aiming to enhance project management and token value.

This decision, supported by a 2022 community vote, intends to remove tokens from blacklisted wallets, permanently reducing circulation.

As a goodwill gesture, Floki DAO promises to distribute 1% of the burned tokens' value to affected users, potentially encouraging more wallets to participate in the burn.

The proposal has received significant community support, with 232 votes, indicating a strong decentralised decision-making process within Floki Inu.

Following the announcement, FLOKI experienced an 11% price increase and a significant surge in trading volume, reflecting positive market sentiment towards the token burn initiative.