Flits (FLS) token up 20% despite $1.68M rug pull incident – details

October 15, 2023 03:24 AM AEDT | By Invezz

Flits (FLS) token up 20% despite $1.68M rug pull incident – details — Image source: Invezz

Flits token up 20% despite rug pull developments

Rug pull events trigger relentless price declines in the cryptocurrency markets. For instance, invezz.com reported how SAPR tokens plummeted massively following a $3 million theft by Swaprum developers.

While the latest developments catalyze price declines for FLS, which lost around 2% over the past week, the altcoin launched an enormous recovery within the last 24 hours. Flits has painted its daily chart green following a notable 20% uptick.

FLS’s current upswing comes as the broad crypto market struggles with a prolonged winter. Besides Solana’s 3.02% increase, the top ten digital coins recorded minor upticks within the past day. For instance, Bitcoin and Ethereum surged 0.85% and 1.03% to $26,940 and $1,555, respectively.

Understanding Flits

Flits is a passive income mobile app enabling individuals to earn by hosting decentralized masternodes or staking their digital coins. The platform boasts multiple new protocols that enhance functionality and flexibility.

Flits participants receive their rewards in Flits native coin FLS. The altcoin holders can use it to set masternodes, trade other coins, and pay fees.

Meanwhile, the recent Flits exit scam highlights the urgent need for legitimacy and security within the cryptocurrency marketplace. Players should exercise caution whenever interacting with new crypto projects.

The post Flits (FLS) token up 20% despite $1.68M rug pull incident - details appeared first on Invezz

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