TL;DR
Full Story
Meme cash are precisely like they sound:
Tokens created off the again of memes.
Folks normally 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 authorized 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 without end and normally causes the worth to go up.
(The much less provide now we have of one thing, the extra we are likely to worth it).
Which implies for more healthy tokenomics.
And it positive appears to be the case as of proper now. The FLOKI token noticed a speedy 100% enhance in value over 24 hours.
Not unhealthy!
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