Floki is on fire! #FLOKIplans to launch the Floki ETP in the first quarter of 2025.
So what does floki etp mean
The term "Floki ETP" stands for "Floki Exchange-Traded Product". ETP (Exchange-Traded Product) is a term used for products traded on an exchange and generally refers to financial instruments that are traded based on the value of various assets such as stocks, indices, commodities or cryptocurrencies.
The Floki ETP will be a product that is traded based on the value of the Floki (FLOKI) cryptocurrency.
It has been announced that the Floki ecosystem plans to launch the Floki ETP in the first quarter of 2025. Such a product would allow investors to invest in the FLOKI token through more traditional financial markets, thus opening up access to the cryptocurrency market to a wider audience of investors.
FTX REFUNDS HAVE STARTED IF YOUR REQUESTS AGAINST FTX HAVE BEEN ACCEPTED YOU CAN SELECT ANY EXCHANGE YOU WANT FROM THE FTX REQUEST PORTAL $FTT VOLUME INCREASED WITH THIS NEWS
#Bitcoin and cryptocurrencies will skyrocket like never before, even beyond your expectations, and after his words, Bitcoin started to fall, and this situation is now causing us to see movements in Bitcoin contrary to Trump's words. The biggest reason is the price inflation in the markets.
- **Rising Formation:** The **Cup and Handle** formation is observed on the chart. This is generally considered a strong signal that an uptrend will continue.
- **Resistance Level:** The current resistance level is **$3,610**. If the price rises above this level, it will have taken an important step for the formation to be confirmed and the rise to continue.
- **Support Level:** The critical support level for the continuation of the rise is **$3,250**. Maintaining this level is important for the price to rise again.
and the expected big news came $bonk supply burns will come to the market
so what does $BONK burns do?
BONK Coin supply burn is a strategy that aims to increase the value and interest in the project by reducing the total supply of the token. Supply burn is a frequently preferred method especially in meme coin projects that have high supply and aim to reach a wide audience. The potential benefits of BONK Coin burning are as follows:
1. Encouraging Value Increase
Reducing the supply reduces the amount of BONK Coin in circulation. If demand remains constant or increases, the value of the token may increase due to the reduced supply. This may lead to a potential price increase for investors. 2. Reducing Inflation Pressure In tokens with high supply, when there is an excessive amount of coins in the market, an inflationary effect may occur and the value of the coin may decrease. Reducing the BONK supply can reduce inflationary pressure and support the price to remain more stable and strong.
3. Increasing Community Interest
Community participation and interest are very important in meme coin projects. Supply burning shows the community that the project has long-term plans and can increase users' trust in the project. Investors' commitment to the project can increase and a long-term user base can be formed.
4. Market Balance High-supply tokens like BONK can keep the circulation balanced by reducing the amount of coins offered to the market. When this balance is achieved, volatility in the token's price can decrease and a healthier market can be formed. How is BONK Coin Burned? BONK Coin's supply burn is usually done by sending coins to a special wallet. This process removes coins from circulation by sending them to a permanently inaccessible address. BONK Coin's supply burn is a strategy that aims to increase the value of the token in the long term and attract investors, and can contribute to the token economy.
$BONK ’s Strategic Shift: Supply Reduction Proposals In order to revive BONK Coin’s market performance, developers have presented two major proposals to reduce the circulating supply. First, there is a plan to burn 100 billion BONK coins in November. This is followed by a major proposal to destroy 1 trillion BONK coins in honor of the coin’s second anniversary.