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.