Flare Price Soars Amid 66M FLR Burn, What's Next?

In a strategic move aimed at fortifying investor confidence, Flare Network has recently initiated the burning of an additional 66 million $FLR tokens. This action contributes to a cumulative burn totaling 595 million $FLR, forming a pivotal aspect of the network’s multi-year plan involving 2.1 billion $FLR tokens. Originally earmarked for early backers, these $FLR tokens were strategically reallocated to prioritize investor interests, thereby reducing competition for Flare Drops and minimizing dilution for $FLR holders.