The Flare (FLR) token airdrop started on Mon., Jan. 9, nearly two years after a snapshot of Ripple (
FLR follows the path of most airdrops
According to data from CoinGecko, FLR token seemingly started trading on Jan. 9, at $0.05 amidst low liquidity on MeXC exchange. After the launch, the token soared to $0.15 as exchanges like Binance, OKX and Kraken started trading the airdropped token.
Shortly after the increased liquidity arrived from more centralized exchanges (CEX) FLR token price began to crash. At the time of writing, FLR price has pulled back by 76% to $0.02 and its 24-hour trading volume sits slightly below $50 million.
While the airdrop provided long-awaited FLR tokens at no cost to XRP holders, the outcome of immediate selling is routine for most airdrops. Proof of real success will be whether the network sees a sustained uptick in the use of its layer-1 and interoperable oracle use case.
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