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FLOKI price rises 10% as token burn proposal gains majority support

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FLOKI price rises 10% as token burn proposal gains majority support

Floki Inu (FLOKI), a renowned dog-themed meme coin in the cryptocurrency industry, gained considerable popularity today, May 14, as its price increased by almost 10%. Leader in the meme coin industry along with major meme cryptocurrencies such as Pepe coinFloki has immediately emerged on the radar of cryptocurrency investors as another bull event for the meme coin appears to be in the works.

Floki DAO, the decentralized autonomous organization behind Floki Inu, recently issued a token burn proposal, aiming to permanently remove just over 15 billion tokens from circulation. This announcement fueled optimistic sentiments in the market for the future price action of the meme coin.

15 billion Token Burn proposal: what’s the scoop?

In an official statement released by meme coin community on X it was highlighted that the DAO’s proposal aimed to burn as many as 15.24 billion FLOKI tokens. In context, the DAO suggested burning tokens recovered from a blacklisted wallet, with the exception of returning 1% to the affected wallet as a goodwill gesture.

In this regard, 15.40 billion FLOKI, worth $2.8 million, were transferred to the Floki multisig and, in turn, it was proposed to return 1% of the tokens to the affected wallet. At the same time, the proposal aimed to burn 15.24 billion tokens and return 154 million.

It is worth noting that at press time the proposal received 99.84% yes votes, with a total “no” vote of 0.16%. This potentially opens up an optimistic path towards greenlighting the proposal.

Read also: Worldcoin (WLD) Price Falls 10% Amid Strong Whale Deposits on Binance

Springs price FLOKI

At the time of writing, Floki Inu price has seen an increase of 10.37% in the last 24 hours and is currently trading at $0.0001917. The meme cryptocurrency’s 24-hour trading volume recorded an increase of 328.22% to $506.27 million, further pushing the market’s optimistic sentiments.

As seen before, Burning of FLOKI tokens the headlines appear to have a profoundly positive effect on the token’s price action, fueling upward momentum. CoinGape Media previously reported that Floki Inu’s price had increased following the incineration of nearly 190 billion tokens earlier this year. This news story further paints an optimistic outlook on Floki’s future price.

Meanwhile, the token’s current gains also occur in the context of the coin’s price Bitpanda meme coin leaders index.

Read also: OKX Unveils Expansion to Australia, Adds BTC, ETH and SOL Trading Options

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Top 3 Crypto Tokens to Take Advantage of Ethereum Spot ETFs and US Presidential Election Hype: Pepe (PEPE), Binance Coin (BNB) and ETFSWAP (ETFS)

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Top 3 Crypto Tokens to Take Advantage of Ethereum Spot ETFs and US Presidential Election Hype: Pepe (PEPE), Binance Coin (BNB) and ETFSWAP (ETFS)

Some projects in the cryptocurrency space, such as Pepe (PEPE), ETFSwap (ETFS) and Binance Coin (BNB), are in the pipeline to gain positive stimulus from the hype around the US presidential election. However, ETFSwap (ETFS) will benefit further from the upcoming trading of Spot Ethereum ETFs.

ETFSwap (ETFS) on Verge of Bull Run as Ethereum Spot ETFs Ready to Launch

ETFSwap (ETFS) offers access to real-world assets in tokenized form, redefining ETF trading. Users can leverage ETFSwap’s (ETFS) market-making experience to always achieve optimal liquidity and get advanced trading perpetuals up to 10x, including access to futures, access to advanced trading tools and market data in real time.

ETFSwap (ETFS) stands as a beacon at the forefront of a financial revolution with its seamless integration of traditional finance into the realm of DeFi. The platform supports tokenized assets with real-world securities such as Spot Ethereum ETFs purchased from traditional financial markets.

The possibility of Ethereum Spot ETFs starting trading from July 2nd will also significantly enrich the ETFSwap (ETFS) platform, allowing you to trade Ethereum Spot ETFs right from the start as soon as the platform launches.

ETFSwap (ETFS) is able to integrate blockchain technology with ETFs because it works with MiCa compliant and regulated investment banks to trade both securities and cryptocurrencies. The platform provides ETF Screener and ETF Tracker-AI tools designed with algorithms that can read, analyze and process large volume data and provide recommendations based on historical data, market sentiments, trends and pattern recognition.

Through its staking program, you can enjoy high returns from ETF staking and secure passive income when you purchase and stake native ETFS tokens that yield up to 87% in annual percentage rate (APR) yield . Additionally, all users of the ETFSwap (ETFS) platform have access to 24/7 market coverage and the freedom to open and close positions at any time, with the flexibility to manage risks and experience robust measures safety.

Additionally, ETFSwap (ETFS) is on the verge of launching a beta platform. This new platform will offer all cryptocurrency and ETF investors a simple and intuitive experience that will greatly improve buying, selling and trading ETFs with ease.

All these amazing features available on the ETFSwap (ETFS) platform are only accessible to those who hold ETFS tokens. Therefore, now is the right time to hurry and buy at the lowest possible price $0.01831as the price is expected to rise to $0.03846 in the next stage of presale.

Pepe (PEPE) is hoping for a big rally

Pepper (PEPPER) The frog-themed meme coin could see renewed interest among investors looking to double their cryptocurrency gains.

Pepe (PEPE) capitalizes on the popularity of other meme coins such as Shiba Inu (SHIB), Dogecoin (DOGE), and others. Cryptocurrency experts believe that with the increase in the number of Pepe (PEPE) coin holders, daily trading volume and a growing following on social media channels, there is still a lot of potential left in Pepe (PEPE) for another momentum bullish.

Binance Coin (BNB) could push up to $1000

Binance Coin (BNB)The fourth-ranked cryptocurrency by market capitalization is expected to rise by 70.08% and trade within a price range of $675 to $1,000 next year.

Binance coin (BNB) plays a vital role in some pre-sales in 2024, where it is accepted as the main currency. Its robustness and widespread acceptance determine the success of these pre-sales.

Users enjoy a number of benefits within the Binance platform for holding Binance coin (BNB), such as reduced trading fees, exclusive access to token sales, and the ability to transact on Binance ecosystem blockchains.

Conclusion on the 3 main crypto tokens set to exploit Ethereum spot ETFs and the US presidential election hype

While Pepe (PEPE) and Binance Coin (BNB) may see an increase in their prices, this is the case ETFSwap (ETFS) this will likely take advantage of the hype surrounding the US presidential election and, more significantly, the upcoming trading of Spot Ethereum ETFs as the platform is at the forefront of tokenizing ETFs and making them available to investors.

For more information on ETFS presale,

Visit the ETFSwap presale

Join the ETFSwap community

Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full information Here.

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Meme Coin Merger: Presidential Tokens TRUMP and BODEN Collapse in Market Crash – Market Updates Bitcoin News

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Meme Coin Merger: Presidential Tokens TRUMP and BODEN Collapse in Market Crash - Market Updates Bitcoin News

https://news.google.com/./articles/CBMiaWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9tZW1lLWNvaW4tbWVsdGRvd24tcHJlc2lkZW50aWFsLXRva2Vucy10cnVtcC1hbmQtYm9kZW4tdHVtYmxlLWFta WQtbWFya2V0LXNsdW1wL9IBAA?hl=en-US&gl=US&ceid=US%3Aen

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OpenAI co-founder announces his new company, AI tokens rally

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OpenAI co-founder announces his new company, AI tokens rally
  • Former OpenAI co-founder Ilya Sutskever announced Wednesday the launch of a new artificial intelligence research lab in the United States.
  • News of the launch of Safe Superintelligence Inc. catalyzed gains in AI-related crypto tokens.
  • The market capitalization of the AI ​​category increased by 12% in the last 24 hours.

Artificial intelligence (AI) crypto token prices rise on Thursday following news that OpenAI’s co-founder has started his own company. Ilya Sutskever, former chief scientist at OpenAI, announced the launch of a security-focused AI research lab in Palo Alto and Tel Aviv, US.

The news comes amid concerns regarding the security aspect of Artificial General Intelligence (AGI), under development at OpenAI.

According to data from CoinGecko, the market capitalization of AI tokens increased by 12% in the last 24 hours.

AI Tokens See Huge Price Gains

AI tokens such as Near Protocol (NEAR), Fetch.ai (FET), Internet Computer (ICP), Render (RNDR), Bittensor (TAO), The Graph (GRT), SingularityNET (AGIX) and Akash Network (AKT) extended gains in recent 24 hours, according to CoinGecko data.

AI tokens

AI tokens

The rally can largely be attributed to the announcement of the new company, Safe Superintelligence Inc. The team consists of former co-founder Ilya Sutskever, American entrepreneur Daniel Gross and Daniel Levy, a research assistant at the laboratory of computer scientist Stephano Ermon . Sutsekever served as chief AI scientist at OpenAI and focused on the “safety” aspect when developing AGI.

The announcement of the fundraising for Artificial intelligence projects from hedge funds and Venture Capital is another catalyst that will likely fuel gains in this token category. Pantera Capital announced on June 19 its decision to invest $200 million in artificial intelligence ventures, according to a report by DLNews.

Major crypto funds are raising $1 billion, of which AI will receive a 15 to 20% investment. This development is another market driver, which is likely to influence investor sentiment towards AI tokens.



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LayerZero’s ZRO token airdrop with mandatory donations is live

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LayerZero's ZRO token airdrop with mandatory donations is live

“ZRO Claims is live” Source: LayerZero Foundation on X.

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Complaints about LayerZero’s new ZRO token it went live today, but the airdrop mechanic required a 10 cent donation for each token participants wish to receive. This initiative, announced via an X post, binds symbolic statements to direct donations to the Protocol Guild, with the goal of aligning long-term commitment with the LayerZero protocol.

LevelZero underlined the innovative aspect of this approach, stating that, by donating, eligible recipients “show a long-term alignment with the LayerZero protocol and a commitment to the future of cryptocurrencies.”

The foundation will match donations up to $10 million, marking the first instance of mandatory donation for airdrop requests in the cryptocurrency industry.


SapphireSapphire


SapphireSapphire

Reception from the crypto community has been mixed. Some users disapproved of the mandatory donation, while others appreciated the development support. The airdrop will see 85 million ZRO tokens available for distribution, with over 50% reserved for key investors and contributors as part of a three-year vesting program.

Despite some dissatisfaction, LayerZero’s ZRO token is highly anticipated, trading at $4.27 in pre-market futures. It is expected to launch on exchanges like Binance at midday UTC, although it appears that the exchange has done so postponed this at 13:00 UTC.

LayerZero’s airdrop eligibility checker, released the day before, also drew criticism from DeFi users. Many expressed frustration with the small assignments despite significant use of the protocol. The allocation process appeared to favor holders of specific NFTs, such as Pudgy Penguins and Kanpai Pandas, over those with a high number of transactions or Gh0stly Gh0sts NFTs.

Approximately 1.28 million wallets are eligible for the airdrop, with 8.5% of the total community allocation of 23.8% to be distributed initially. The remaining tokens will be distributed over the next three years through various incentives and rewards.

The pre-market valuation for ZRO is $4.50, representing a fully diluted value of $4.5 billion. However, the state of airdrop farming is causing growing frustration among users, with decreasing investment returns and oversaturation of protocols.

Echo.xyz founder Cobie commented on these growing concerns, said: “If you’re a founder, IMO, you’re probably thinking about never doing an airdrop again these days; now the disadvantages are much greater than the advantages.”

LayerZero also received criticism back when asked the farmers of Sybil to self-report. Next up, LayerZero CEO Bryan Pellegrino confirmed that up to 100,000 wallets have self-reported their Sybil activities.

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