Over $54.4 million worth of FLOKI (CRYPTO: FLOKI) tokens have been locked in the staking program within the first week of its going live.

What Happened: To put this into perspective, the locked value represents approximately 17% of the total FLOKI token supply or nearly 18% of the circulating supply. 

Floki’s official handle in a tweet said, "It is worth highlighting that the majority of these tokens are being staked for as long as 4 years. In other words, all things being equal, most of these tokens likely won’t be in circulation for the next 4 years."

Full story available on Benzinga.com