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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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Altcoin Price Rises When New Investment Is Received - Coin Bulletin
Blockchain project Flare has raised a total of $35 million from several investors.
Among the names that invested in the Flare project were Kenetic, Aves Lair, and a few others. Organizations that invested in the project in its early stages have agreed to distribute the tokens in the first quarter of 2026 instead of 2024.
In order to reduce the selling pressure in the market, investors were required to sell a maximum of 0.5% of the daily trading volume.
Earlier this month, Flare announced that it would burn 66 million tokens per month by January 2026. This is expected to "improve the development of the ecosystem".
According to data from TradingView, FLR is up more than 7% on a daily basis and is trading at $0.041.