The price of Floki Inu (FLOKI) has surged more than 50% over the past 24 hours, according to data provided by CoinMarketCap. The token’s market cap has surpassed $200 million.

This came after the Floki DAO voted to burn 4.97 trillion FLOKI tokens in the Floki bridge and approved the reduction of the Floki transaction tax to 0.3%.

(By Alex Dovbnya)