Floki has announced a milestone achievement, surpassing its previous staking high with tokens valued at $137 million now staked and effectively removed from circulation. This represents a significant increase from the previous high of $105 million recorded less than 24 hours ago.

This development significantly benefits the community by bolstering the ecosystem's fundamentals. Notably, it removes approximately 25% of the total supply, which is roughly equivalent to 26% of the circulating tokens, thereby reducing circulation and potentially driving up prices. Additionally, stakers can earn $TOKEN in exchange for FLOKI tokens by participating in the Floki Staking Program, which allows users to stake their holdings for up to 4 years and receive rewards during this period.

As a result of this achievement, the price of FLOKI has surged, currently valued at $0.00005701, representing a 31.45% increase in the last 24 hours, a 77.15% rise in the last 7 days, and a 94.49% increase in the last 30 days. The 24-hour trading volume has also seen a significant uptick of 162.707%.

Looking ahead, the Floki team has announced plans to host an AMA session with the Core Team on March 4, 2024, at 11 a.m. UTC on its official Telegram channel, allowing community members to submit questions for discussion.

This achievement comes following an announcement by DWF Labs pledging a $10 million investment in the Floki ecosystem to support aggressive growth and market dominance. This investment builds on their ongoing partnership, which began with an initial $5 million investment in Floki tokens. The partnership aims to enhance the ecosystem's utility and marketing efforts, with DWF Labs facilitating token listings and promoting ecosystem achievements.

In addition, Floki recently introduced Patch 0.22.0, featuring updates such as an updated minimap, ship customization, a new clan island, and various quality-of-life improvements. With the surge in Floki staking TVL and speculation suggesting a potential market cap of nearly $60 billion, the ecosystem continues to see significant growth and development.