š„ XRP Burn Surpasses 12 Million Tokens, Propelling XRP Up by 5.81%! šš°
Exciting news for the XRP community! Data from XRPScan reveals a significant milestone as the cumulative amount of XRP tokens burned by the XRP Ledger (XRPL) crosses the 12 million mark. š
š„ In the last 24 hours alone, an additional 2,771 XRP tokens have been incinerated, with a current market value of at least $7,203,476.
š Key Insights:
š 1. Burn Breakdown:
Total Burned XRP: 12,003,611 tokensTokens Burned in the Last Hour: 299Tokens Burned in the Last Day: 10,121Tokens Burned in the Last Week: 72,926Cumulative Burn Since December 10: 276,928Cumulative Burn Since Last Year: 1,318,819
š 2. Market Impact:
XRP's Circulating Supply: 54,210,437,480 (54.2 billion)Burned Tokens as a Percentage of Circulating Supply: 0.02%Burned Tokens as a Percentage of Total Max Supply: 0.012%
š” 3. Burn Mechanism and Uptrend:
XRP's burn mechanism aims to deter network spam through transaction fees.
Burn Rate: 0.00001 XRP per transaction.
Consistent upward trend in burn rate for several months, with a notable surge in late December 2023 due to increased spam transactions on XRPL.
šø 4. Market Performance:
XRP Price: $6.00424-Hour Gain: 5.81%
š What's Next for XRP? Explore the Future of Ripple! šš
As XRP continues to burn tokens and gain momentum, the crypto landscape is evolving. Follow the burn rate trends and market insights to stay ahead of the curve in the world of digital assets. šš°
š For more crypto updates and insights, follow The Blockopedia! š
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