"FLM Surges 50% Amid Market Volatility: What’s Driving the Spike?"
FLM Surges 50% Amid Market Volatility: What’s Driving the Spike?
Flamingo Finance (FLM) has seen a dramatic price surge of over 50% in the past 24 hours, reaching a peak of approximately $0.0428 before settling around $0.034. This volatility has caught the attention of traders and investors alike, especially with trading volumes spiking significantly.
One major factor behind the sudden price movement appears to be Binance’s recent decision to assign a Monit$oring Tag to FLM. This tag signals a re-evaluation of the token’s listing status and often triggers speculation, leading to increased buying and selling activity.
The intraday chart shows a sharp climb during early trading hours, followed by a gradual cooldown, reflecting both the excitement and caution currently surrounding the token.
Whether this is a short-term pump or the beginning of a longer trend remains to be seen. Investors should stay alert to further announcements from exchanges and the Flamingo Finance team, as these could greatly influence FLM’s trajectory in the coming days.
