$FLIP Gain over 14% increase after announcing token burn rate increase

Gate.io news: $FLIP, the native utility token for Chainflip Labs, a cross-chain AMM enabling native asset swaps without wrapped tokens or specialised wallets experienced a 14% increase following announcement by Chainflip Labs stating $FLIP burn rate will increase by 25% as 1.8 upgrade is coming soon.

According to Gate.io Trading data, $FLIP has a low of $1.1236 and a high of $1.5894 and is currently trading at $1.3142, with a total volume of $1.34M and marketcap of $83.05M in the last 24 hours.