Ripple’s Massive Token Burn Sparks Speculation - Wall Street Pit

Nov 28, 2024 · The recent burning of virtually all Ripple USD (RLUSD) tokens, totaling 46,676,120 within a single day, has sparked speculation about an imminent official launch …

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Ripple’s Bold XRP Plan: Retaining 25% Of Issued Supply - Wall …

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Jan 4, 2025 · Recent developments in the Ripple ecosystem, particularly the introduction of RLUSD, Ripple's stablecoin, have ignited discussions regarding the company's commitment to …

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Ripple Developer Reveals XRP Burn Surge, 247K Tokens Vanished.

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Jul 5, 2023 · Some enthusiasts even speculate that XRP could reach a value of $100 per token in the future. Lead Ripple Developer Reveals Reason for XRP Supply Drop: Account Deletions …

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FAQs about Ripple’s Massive Token Burn Sparks Speculation - Wall Street Pit Coupon?

Why did ripple burn so many rlusd tokens?

Ripple burned a staggering 46.67 million RLUSD tokens, leaving only 100,000 tokens per blockchain. This reduction aims to create scarcity, potentially increasing the token’s value as demand rises. While this move has excited market watchers, Ripple still faces hurdles before officially launching its stablecoin. ...

Is a token burn a possible settlement deal between ripple & SEC?

Legal experts have clashed over the judges’ authority and the feasibility of a token burn. The long-running legal saga between Ripple and the U.S. Securities and Exchange Commission (SEC) is heating up again, with speculation about a potential settlement deal as a crucial hearing date approaches. ...

What is ripple's spark token?

The Ripple partner is rewarding XRP holders with Spark, which is a new token that allows users to leverage the features of smart contracts. “The Flare Network is a new Turing Complete Smart Contract platform… integrating the Ethereum Virtual Machine. Its native token, the Spark, is generated through a utility fork of XRP. ...

Could a ripple settlement mirror Lbry's XRP burn?

Fact checked by: Ciaran Lawler, Editor: Stefan Trapp A Ripple and SEC remedies briefing is looming, sparking settlement rumors and fears of a massive XRP burn. A potential Ripple settlement has the potential to mirror LBRY’s token sale shutdown. Legal experts have clashed over the judges’ authority and the feasibility of a token burn. ...

Could ripple incinerate XRP tokens in escrow?

One particularly chilling rumor gaining traction involves the potential incineration of XRP tokens held in escrow by Ripple. This drastic measure, estimated to erase over $20 billion from the market, parallels the SEC’s action against LBRY, where the court barred further crypto offerings until all LBC tokens were disposed of. ...

Could XRP be incinerated in a ripple-SEC settlement?

Although unlikely in practice, the potential incineration of XRP in a Ripple-SEC settlement raises chilling fears of a precedent for broader SEC control over the entire Layer 1 space, leaving the future of countless crypto projects hanging in the balance. ...