Flare price pumps 25% amid explosive DeFi growth: is a new ATH next?

Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
With DeFi and broader market resilience, Flare could target a new all-time.

The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.

FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.

The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.

Open interest on Coinglass showed a 35% increase to $11.8 million.

Flare price: is FLR poised for a new peak?

As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).

FLR has surged from intraday lows of $0.02089 to as high as $0....

13.17K

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.