$FLM increased by more than 20% – What is happening?
The FLM token of the Flamingo Finance project has surged over 20% in the past 24 hours, currently trading around $0.0409 (according to CoinMarketCap as of 18/5/2025).
Reasons for the strong increase in FLM:
Ecosystem update: The project has just integrated the ability to convert USDT to FUSD, while also reducing the issuance rate of FLM, helping to control inflation.
TVL growth: Total value locked (TVL) on the platform has surpassed $16 million, attracting investors back.
Surge in trading volume: FLM recorded a trading volume of over $25 million, indicating a strong inflow of capital.
Predictions for the next trend:
Nearby resistance: $0.045 – if surpassed, it could advance to the $0.05 mark.
Important support: $0.035 – maintaining this range will sustain the upward trend.
Note: This is not investment advice. Always DYOR (Do Your Own Research before investing).
