Floki (CRYPTO: FLOKI) is rallying 17% in the last 24 hours, beating top five meme tokens by market capitalization. 

What Happened: At the time of writing, FLOKI was trading at $0.00003393. 

Dogecoin (CRYPTO: DOGE) was exchanging hands at $0.090, down 1% while Shiba Inu (CRYPTO: SHIB) was trading at $0.00001413 down 2.19% in the last 24 hours.

Elon Musk’s favorite Dogecoin ‘Knockoff’ Baby Doge coin (CRYPTO: BABYDOGE) was up 6%, trading at $0.000000003158.

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The rally in FLOKI’s price comes as holders voted for a proposal for burning millions of FLOKI tokens. The proposal has been approved, with over 4.97 trillion tokens, worth over $55 million removed permanently from circulation.

FLOKI in a tweet on Monday said that its Locker TVL just crossed $12 million. For the unintated, Floki Locker is the meme coin’s first utility protocol to launch under the FlokiFi umbrella. 

#FlokiFi Locker TVL just crossed $12 million! @FlokiFi Locker is #Floki's first utility protocol to launch under the FlokiFi umbrella. $FLOKI is just getting started!

Read more at:https://t.co/UdFvliczHS pic.twitter.com/7OOQzwCyNl

— FLOKI (@RealFlokiInu) February 6, 2023

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