One of the fundamental factors affecting cryptocurrency prices is inflation, and just now Flare Coin has announced some good news. The investor group, including Hong Kong and US-based Kenetic and New York-based Aves Lair, has extended the token entitlements. Moreover, with the new investments, Flare Coin’s price continues to hold its strong position.
Why Did Flare Coin Increase?
Flare recently announced that early investors will receive their tokens later, which means the circulating supply will increase more slowly. This move, which should directly affect the price, also reflects the early investors’ hope for long-term potential. Kenetic Founder Jehan Chu said;
“We wholeheartedly believe in Flare’s vision to secure data in the Web3 era and the potential of FAssets to empower smart contract external tokens. This restructuring and Flare’s contribution to the growth of economic and financial infrastructure will be beneficial.”
Flare Co-Founder Hugo Philion also stated;
“I am very pleased that Flare’s initial supporters have shown a strong commitment to the growing Flare ecosystem. Their increased investment in the Flare ecosystem will help the network grow by providing liquidity to DeFi and investment for projects built on Flare. The agreements on liquidity are excellent for a growing ecosystem. I thank Flare’s biggest supporters for this expected liquidity event.”
Until January 2026, 50% of all investor revenues from the sale of FLR will be used to support the ecosystem. According to the current market valuation, this investment in the Flare ecosystem translates to a $35 million support for Flare ecosystem projects.
