Flare ($FLR) Short
Flare Network is an interoperability protocol that recently launched its token: $FLR
Only 10% of the $FLR supply is circulating and there is a fairly rapid distribution curve over 36 months:
$FLR is already valued at a $5B fully diluted valuation (not far behind Polkadot):
Often times these new tokens with low circulating supplies and high inflation pump upon launch, then dump significantly over time.
Here is the chart for Flare:
Look for opportunities to short $FLR on and hype-driven pumps. Flare’s poor tokenomics and high inflation should result in a large sell-off at elevated valuations. Given the volatile nature of newly launched coins, low leverage is more suitable than high leverage.