TL;DR
Full Story
Meme cash are precisely like they sound:
Tokens created off the again of memes.
Folks often purchase into them for enjoyable, however a ton of those tokens have created some fairly sturdy communities round them.
(Uhhhh, hey Doge Father).
Which brings us right here:
FLOKI, a canine associated meme coin, lately accepted a proposal to burn 2% of the token’s provide ($11M worth on the time).
“Cool, cool, so what does that imply?”
Burning cash removes tokens from circulation endlessly and often causes the worth to go up.
(The much less provide we’ve got of one thing, the extra we are likely to worth it).
Which implies for more healthy tokenomics.
And it certain appears to be the case as of proper now. The FLOKI token noticed a fast 100% improve in worth over 24 hours.
Not unhealthy!