Bullish sentiment remained dominant, but indicators looked bearish.In the meantime,FLOKI passes new proposalAt the time of writing, FLOKI was trading at $0.0001427 with a market capitalization of over $1.3 billion.
The proposal was passed with over 89% of voters supporting it. Since the burn would reduce the meme coin’s circulating supply, the chances of the meme coin continuing its bull rally seemed high.To check whether it had any impact on the token’s social metrics, AMBCrypto checked Santiment’s data. Its Weighted Sentiment rose as well, suggesting that bullish sentiment around the meme coin had increased at press time.A few other metrics also looked bullish on the meme coin. Notably, the meme coin’s MVRV ratio went up sharply.
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