$FLOKI has increased by 520% since the beginning of the year and is now listed on Kucoin
Key points:FLOKI has a potential competitor to Shiba Inu or Dogecoin with a 520% increase in value since the start of the year and is still listed on one major exchange.
Floki was added to Kucoin today, with trading pairs FLOKI/USDT & FLOKI/USDC.
FLOKI, Shiba Inu’s and Dogecoin’s potential rival, continues to rise after it was listed on a major exchange. Elon Musk posted a picture of a dog wearing a shirt with the words CEO on it and joked that his dog is a great leader. Twitter, and “better than some,” and prices for Dogecoin, Shiba Inu, and Floki all skyrocketed.Previously, at the end of January, after passing a proposal to burn more than 100 million dollars of this tokens on a cross-chain bridge to reduce transaction fees, the price of this meme coin increased by more than 100%.Previously, the Floki Inu community approved one governance proposal to burn 4.97 trillion tokens on a cross-chain bridge to reduce transaction fees. The developers claim that the proposal was approved by 99.97% of the vote to burn tokens on the crosschain bridge. There was a 0.03% against it. 4.97 trillion tokens were burnt (originally worth $55 millions when the proposal was initiated), and were worth $102million by the end DAO voting. “Hacking crosschain bridge will have a serious effect on the project because it currently accounts for 55.7% token total circulating supply,” developers of the project stated. Hacking the project’s liquidity pool can lead to the project being effectively destroyed. “Floki Inu’s developers claim that the move is part a larger plan to establish the project as a serious DeFi Project. Over the past few months, the team released projects such as Floki Locker, and the metaverse game Valhalla. The token price is currently trading at $0.000053. This is an increase of nearly 155% in 7 days and 520% since 2023. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuChubbiCoincu NewsTags: BlockchaincryptoFlokiFloki InuKucoinprice