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Flare Network Burns 66M FLR Tokens: Could This Be the Turning Point for FLR Price

Coinpedia LogoCoinpedia13h ago

Flare Network Burns 66M FLR Tokens: Could This Be the Turning Point for FLR Price - Coinpedia

Quick Summary:

According to the announcement, the Flare network burnt 66,293,390 FLR tokens as part of the 2.1 billion burn program to be distributed until January 2026.

Since the beginning of June 2024, FLR price against the US dollar has dropped over 45 percent to trade around $0.01615 on Thursday.

The small-cap altcoin, with a fully diluted valuation of about $1.66 billion and a daily average traded volume of around $10 million, has suffered major blows in the last few weeks.


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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 12:49:24 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21984874

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Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 19 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #112

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