XRP Burn Archives - Times Tabloid https://timestabloid.com/tag/xrp-burn/ Cryptocurrency and Blockchain Tabs Tue, 11 Nov 2025 17:04:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png XRP Burn Archives - Times Tabloid https://timestabloid.com/tag/xrp-burn/ 32 32 Major XRP Metric Surges 60% In 24 Hours. Here’s What Happened https://timestabloid.com/xrp-burn-rate-surges-60-in-24-hours-heres-the-significance/ Tue, 11 Nov 2025 21:31:45 +0000 https://timestabloid.com/?p=89313 Over the past 24 hours, XRP has seen a marked acceleration in network usage. The number of tokens burned as transaction fees climbed sharply, rising from 667 XRP to 1,073 XRP. Skipper (@skipper_xrp), an XRP enthusiast, highlighted this shift, noting that the burn rate had “skyrocketed significantly by 60.87% in the last 24 hours.” While […]

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]]> Over the past 24 hours, XRP has seen a marked acceleration in network usage. The number of tokens burned as transaction fees climbed sharply, rising from 667 XRP to 1,073 XRP.

Skipper (@skipper_xrp), an XRP enthusiast, highlighted this shift, noting that the burn rate had “skyrocketed significantly by 60.87% in the last 24 hours.”

While the absolute amount of XRP burned may seem small in comparison to the asset’s total supply, the rate of change is significant. This increase signals heightened on-chain activity, a trend that often corresponds with more transactions and utility across the XRP Ledger.

In a market where investor sentiment can shift quickly, such growth suggests that confidence in XRP’s infrastructure and adoption remains strong.

XRP’s Deflationary Mechanism

XRP’s design includes a built-in deflationary feature, where each transaction burns a small amount of XRP permanently. This structure ensures that over time, the total supply gradually decreases. An increase in burn rate therefore has a cumulative effect on the asset’s scarcity.

As activity on the network expands through payments, cross-border transfers, or tokenized asset operations, the burn rate rises accordingly. Analysts and community members often interpret higher burn levels as an indicator of growing utility.

The most recent 60.87% jump demonstrates that XRP’s network is seeing stronger transactional demand, aligning with its long-term goal of supporting global payment flows. While short-term price movements may remain volatile, the sharp rise in burn activity is an encouraging sign for those who see XRP’s deflationary framework as central to its long-term resilience.

A Positive Indicator for Value Stability

A higher burn rate reinforces the deflationary model that many investors view as a key advantage of XRP. With each token destroyed, the remaining supply becomes slightly more limited, which can contribute to maintaining or increasing value if demand persists.

Unlike inflationary assets that introduce new tokens into circulation, XRP has a fixed total supply, and the system ensures gradual supply contraction, promoting scarcity over time. This process not only reflects the network’s health but also enhances XRP’s appeal as a long-term digital asset.

When activity accelerates in conjunction with higher burn levels, it signals that the ecosystem is being utilized for its intended purpose of real-world settlement and liquidity functions. The network’s efficiency and low transaction costs further encourage ongoing use, which sustains this deflationary cycle.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> ChatGPT States How Long All XRP Will Take to Burn In Various Scenarios https://timestabloid.com/chatgpt-states-how-long-all-xrp-will-take-to-burn-in-various-scenarios/ Thu, 30 Oct 2025 10:02:01 +0000 https://timestabloid.com/?p=88038 In a recent post on X, XRP-focused YouTuber Moon Lambo shared a visual breakdown illustrating how long it would take to burn the total supply of 100 billion XRP under various transaction and fee scenarios. The figures, generated by ChatGPT and presented in a detailed table, indicate that even under the most extreme conditions, the […]

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]]> In a recent post on X, XRP-focused YouTuber Moon Lambo shared a visual breakdown illustrating how long it would take to burn the total supply of 100 billion XRP under various transaction and fee scenarios.

The figures, generated by ChatGPT and presented in a detailed table, indicate that even under the most extreme conditions, the complete depletion of XRP through transaction fees would take thousands to millions of years.

The table outlines eight potential cases, each combining different transaction per second (TPS) levels and per-transaction fees measured in “drops,” where one XRP equals one million drops.

The current “today-ish baseline” scenario assumes 10 TPS and a 10-drop fee, leading to an estimated burn rate of 8.64 XRP per day. At that pace, it would take approximately 31.7 million years to eliminate all XRP from circulation. Even a tenfold increase to 100 TPS would only reduce the timeframe to about 3.1 million years.

Scaling the Scenarios

The data further explores high-volume transaction environments. At 1,000 TPS and 10 drops per transaction, XRP would burn at a rate of 864 XRP per day, requiring around 316,000 years to reach zero supply. Increasing the rate to 10,000 TPS under the same conditions reduces the duration to approximately 31,000 years.

The calculations become more notable when the transaction fees increase. For example, 10,000 TPS at 100 drops per transaction leads to 86,400 XRP burned daily, equating to approximately 3,169 years to burn all XRP.

When scaled further to 100,000 TPS and 1,000 drops, the supply would vanish in about 32 years. The most extreme example—1,000,000 TPS with a 1,000-drop fee—results in a complete burn in just three years. However, such a scenario is considered unrealistic under current network usage and fee structures.

Community Interpretation

Following Moon Lambo’s post, XRP community member Nomad_XRP emphasized that understanding the difference between token burning and market supply dynamics is essential.

He noted that while burning affects the total circulating supply, the market price is ultimately influenced by the balance between supply and demand. Therefore, he cautioned that investors should not depend on the slow burn rate as a mechanism for XRP price appreciation.

Moon Lambo’s post highlights that the natural XRP burn rate is negligible in terms of supply impact. Even at significantly higher transaction volumes and fees, the process of eliminating the total 100 billion XRP supply would extend across thousands or even millions of years.

As ChatGPT’s calculation concluded, XRP’s deflationary mechanism through transaction fees is too gradual to exhaust the asset’s total supply.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP Cannot Be Mined. Its Quantity Will Keep Decreasing: Price Increases With Network Growth https://timestabloid.com/xrp-cannot-be-mined-its-quantity-will-keep-decreasing-price-increases-with-network-growth/ Mon, 22 Sep 2025 07:02:32 +0000 https://timestabloid.com/?p=83998 Crypto researcher SMQKE recently highlighted the unique supply model of XRP and its potential impact on future valuation. In a statement, he wrote: “…the XRP token cannot be mined and its quantity will constantly decrease, and everything that exists in a limited amount and is actively used is becoming more expensive, therefore, with the growth […]

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]]> Crypto researcher SMQKE recently highlighted the unique supply model of XRP and its potential impact on future valuation.

In a statement, he wrote: “…the XRP token cannot be mined and its quantity will constantly decrease, and everything that exists in a limited amount and is actively used is becoming more expensive, therefore, with the growth of the network, the XRP PRICE WILL INCREASE SIGNIFICANTLY.”

His comment draws attention to the fixed supply of XRP, the absence of mining, and the token’s deflationary design as central elements of its long-term economic structure.

A fixed supply and deflationary mechanism

XRP differs from cryptocurrencies such as Bitcoin because all its supply was created at launch, with no additional units to be generated through mining. The XRP Ledger processes transactions using a consensus protocol, and with each transaction, a small amount of XRP is permanently removed from circulation as a transaction fee.

Over time, this mechanism ensures that the overall quantity of XRP in existence decreases gradually. SMQKE underscores this point by linking the diminishing supply to a classic economic principle: when something exists in limited amounts and continues to be used actively, it tends to appreciate.

The link between network growth and value

The researcher’s statement ties the supply model directly to potential price outcomes. He argues that as adoption of the XRP Ledger grows, the combination of fixed supply and fee-based reduction in quantity will strengthen the case for higher valuations.

The claim rests on the assumption that increasing use of XRP for settlement, payments, or liquidity provisioning will drive sustained demand. In his words, the result of this dynamic is that “with the growth of the network, the XRP price will increase significantly.”

Considerations surrounding the argument

While the argument presented is straightforward, it is worth noting that market prices are not only determined by supply mechanics. Factors such as regulatory clarity, institutional participation, liquidity conditions, and broader market sentiment also shape price outcomes.

Nonetheless, the structural elements highlighted by SMQKE remain significant. While the absence of mining eliminates the environmental costs seen in proof-of-work systems, the predictable and gradually declining supply of XRP creates a transparent framework for assessing scarcity over time.

SMQKE’s remarks focus on the fundamentals of XRP’s economic design. By indicating the non-minable nature of the asset and its decreasing supply through transaction fees, he frames a case for why the token could see higher valuations as usage of the network expands. His statement reflects a view that the supply mechanics of XRP should not be overlooked in considerations of its long-term price trajectory.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> Here’s XRP Likely Price If 10% of Supply Is Burned https://timestabloid.com/heres-xrp-likely-price-if-10-of-supply-is-burned/ Wed, 03 Sep 2025 00:02:32 +0000 https://timestabloid.com/?p=81441 Analysts continue to explore how XRP’s value could respond to a whopping reduction in supply. While the XRP Ledger (XRPL) already has a built-in burn mechanism, projections suggest that a more substantial burn event, such as eliminating 10% of the total tokens, could lead to a notable shift in XRP’s price trajectory. How the Burn […]

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]]> Analysts continue to explore how XRP’s value could respond to a whopping reduction in supply. While the XRP Ledger (XRPL) already has a built-in burn mechanism, projections suggest that a more substantial burn event, such as eliminating 10% of the total tokens, could lead to a notable shift in XRP’s price trajectory.

How the Burn Mechanism Works

Every transaction on the XRPL requires a small fee, which is permanently destroyed rather than redistributed. This process was introduced not as a method of creating scarcity, but as a measure to discourage spam transactions.

Since the ledger went live more than 13 years ago, just 14.19 million XRP have been burned. This figure represents only about 0.014% of the total maximum supply of 100 billion tokens. At the current burn rate, which averages around 600 tokens per day due to reduced network activity, it would take more than a millennium to destroy even 1% of the supply.

This slow pace has led some community members to argue for accelerated methods of removing tokens. However, the broader impact of a larger-scale burn remains a subject of debate.

XRP Projected Price if 10% of Supply Burned

To examine the potential outcome of a more aggressive burn scenario, Google Gemini modeled what might happen if 10 billion XRP, equivalent to 10% of the total supply, were removed from circulation.

At the time of press, XRP trades around $2.79 with a circulating supply of approximately 59.48 billion tokens, giving it a market capitalisation of roughly $166 billion. If the supply were reduced to 49.48 billion tokens while the market cap remained constant, the price would increase to $3.25.

Market Reactions and Short-Term Effects

Google Gemini emphasized that markets are unlikely to respond mechanically to such a major event. A sudden burn of this magnitude could attract investor attention, drive buying interest, and increase speculative activity. In that case, XRP might initially rally toward the $4 to $5 range as traders respond to the deflationary shock.

The AI model further suggested that breaking past XRP’s historical peak of $3.84 would be probable under these circumstances. This could establish a new baseline for the asset and generate stronger momentum in the medium term.

XRP Long-Term Projections

In a sustained scenario of higher demand combined with a reduced circulating supply, Gemini projected that XRP could stabilize within the $10 to $15 range. At those levels, the market capitalization would stand between $495 billion and $742 billion.

Such a valuation would place XRP among the top global digital assets. However, achieving and maintaining these levels would require consistent adoption and liquidity growth.

While XRP’s current burn mechanism has only removed a fraction of the token supply over more than a decade, the idea of a large-scale burn continues to attract interest. Modeling by Google Gemini indicates that a 10% reduction could initially push XRP above $5 and potentially position it for a longer-term range between $10 and $15. Still, the actual impact would depend heavily on investor behaviour, market conditions, and the broader adoption of Ripple’s technology.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> Projected XRP Price for 2050 as XRPL Destroys 985,000 XRP a Year https://timestabloid.com/projected-xrp-price-for-2050-as-xrpl-destroys-985000-xrp-a-year/ Wed, 20 Aug 2025 00:00:03 +0000 https://timestabloid.com/?p=79319 The XRP Ledger (XRPL) has a mechanism that removes tokens from circulation for each transaction. Although this feature was originally introduced to prevent network spam rather than to influence valuation, its long-term effect on supply has increasingly drawn attention. At present, XRP’s circulating supply is 99,985,821,508 tokens, slightly lower than the initial 100 billion created […]

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]]> The XRP Ledger (XRPL) has a mechanism that removes tokens from circulation for each transaction. Although this feature was originally introduced to prevent network spam rather than to influence valuation, its long-term effect on supply has increasingly drawn attention.

At present, XRP’s circulating supply is 99,985,821,508 tokens, slightly lower than the initial 100 billion created at launch. This small reduction is the result of ongoing token burns that permanently destroy a fraction of XRP.

Annual Burn Rate on the XRP Ledger

On average, the ledger removes approximately 2,700 XRP daily. However, this figure occasionally rises during periods of increased network use. This results in roughly 985,500 XRP permanently eliminated each year. If the current rate continues unchanged, the cumulative burn by the end of 2050 would total around 25 million tokens.

That decline would lower the supply from 99.985 billion to about 99.960 billion, a reduction of only 0.025%. While the mathematical impact on supply appears minor, the perception of continuous scarcity has the potential to shape investor behaviour and, indirectly, market pricing.

Modeling Potential Price Outcomes by 2050

To explore how both adoption and supply reduction could influence value, three possible scenarios for XRP’s price trajectory were outlined, starting from its trading level of $3.01

Scenario One: Gradual Institutional Adoption

If banks, fintech firms, and remittance companies steadily incorporate XRP into their operations, a compound annual growth rate of 6–8% over the next 25 years could result in prices ranging between $18 and $25 by 2050, even without factoring in supply burns.

When the effect of ongoing token destruction is included, the projected range increases slightly to $20–$28. In this case, the burn contributes more as a psychological reinforcement of scarcity than as a mathematical driver.

Scenario Two: Expanding Role in Global Liquidity

A more aggressive growth trajectory envisions XRP becoming central to cross-border settlements, tokenized assets, and central bank digital currency infrastructure. Under this model, with adoption growing at 12–15% annually, XRP’s price could rise to $150–$250 by 2050.

Higher transaction volumes in this scenario would also accelerate the burn rate, potentially removing between 500 million and 1 billion XRP over 25 years, or about 1% of the total supply. This additional reduction could push valuations into the $180–$300 range.

Scenario Three: Global Reserve Settlement Asset

In the most expansive evaluation, XRP functions as a neutral global reserve settlement tool supporting trillions in daily financial flows. Without considering the burn, this scenario points to valuations between $1,000 and $2,500.

However, with large transaction volumes, the network could destroy 5–10 billion tokens over the same period, cutting the total supply by 5–10%. This meaningful reduction would support an even higher price range of $1,200 to $3,500.

Although XRP’s burn mechanism was never intended to drive its price, its effect on long-term supply cannot be ignored. The impact of these burns, however, will depend largely on how extensively XRP is adopted across financial systems.

By 2050, the combined influence of market demand, institutional integration, and sustained token burn could determine whether XRP remains moderately valued or rises into significantly higher ranges.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> It Would Take Up to 70,000 Years to Burn All XRP https://timestabloid.com/it-would-take-up-to-70000-years-to-burn-all-xrp/ Tue, 08 Jul 2025 09:04:19 +0000 https://timestabloid.com/?p=73695 A recent post by a crypto enthusiast explored the idea of XRP’s burn rate and how long the asset could remain functional if it became central to global finance. Referencing a YouTube video and chatting with an AI chatbot, she explored a scenario involving XRP’s potential role over the next 250 years. The post generated […]

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]]> A recent post by a crypto enthusiast explored the idea of XRP’s burn rate and how long the asset could remain functional if it became central to global finance.

Referencing a YouTube video and chatting with an AI chatbot, she explored a scenario involving XRP’s potential role over the next 250 years. The post generated interest around whether XRP could realistically sustain utility over that timespan as more of its supply is burned.

However, crypto researcher SMQKE stepped in to correct a key misunderstanding embedded in the premise. XRP is not at risk of running out anytime soon, and certainly not within the next few centuries.

The 70,000-Year Supply Timeline

According to official XRP Ledger (XRPL) documentation, the rate at which XRP is destroyed through transaction fees is extremely low. The ledger originally launched with 100 billion XRP, and that number can only decrease. Despite this deflationary design, the burn rate remains negligible under current conditions. As SMQKE highlighted, the system is designed for long-term viability.

The document states clearly that “at the current rate of destruction, it would take at least 70,000 years to destroy all XRP.” That figure stands in sharp contrast to any concern that the token supply could be exhausted within a few hundred years. Even under heavy global usage, the built-in burn mechanism consumes only small fractions of XRP per transaction.

Built-In Flexibility for a Changing Future

XRP’s tokenomics also allow for adaptability. If usage increases dramatically in the future, the XRPL can adjust fees and transaction costs to mitigate the impact. This dynamic structure ensures that the ecosystem can respond to network growth without compromising the longevity of its supply. The burn rate is not fixed in a way that would accelerate depletion unchecked.

This capacity for adjustment is central in maintaining stability as XRP scales. The asset’s long-term design isn’t based on assumptions of fixed use cases or static transaction volumes. Instead, its deflationary design incorporates mechanisms that allow the network to evolve while preserving a manageable and sustainable token supply.

XRP’s Long-Term Role

While it’s natural to explore hypothetical outcomes as XRP’s adoption grows, conclusions should be based on the actual properties of the network. SMQKE clarified that there is no urgency or structural concern about XRP varnishing in the foreseeable future.

While the supply shortage can trigger drastic price increases, benefiting early retail investors, the network’s design also allows for seamless integration into global financial infrastructure without supply concerns.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> 373,852 XRP Stolen from Iran’s Largest Exchange Is Lost Forever. Here’s why https://timestabloid.com/373852-xrp-stolen-from-irans-largest-exchange-is-lost-forever-heres-why/ Fri, 20 Jun 2025 14:33:03 +0000 https://timestabloid.com/?p=71723 In an unusual breach that diverges from the standard motives of profit-seeking cybercrime, over $90 million in several digital assets, including Bitcoin, Ethereum, XRP, Dogecoin, Solana, and TRX, was drained from Iran’s largest cryptocurrency exchange, Nobitex. While the scale of the exploit spans multiple blockchains, the attacker’s actions reveal this was no ordinary theft. According […]

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]]> In an unusual breach that diverges from the standard motives of profit-seeking cybercrime, over $90 million in several digital assets, including Bitcoin, Ethereum, XRP, Dogecoin, Solana, and TRX, was drained from Iran’s largest cryptocurrency exchange, Nobitex.

While the scale of the exploit spans multiple blockchains, the attacker’s actions reveal this was no ordinary theft. According to blockchain intelligence firm Chainalysis, the funds were not laundered or moved to cashout services but instead sent to vanity addresses designed to burn the assets.

No Recovery Possible for Thousands of XRP Stolen

Chainalysis noted that this tactic effectively burned the stolen crypto, as these custom addresses are presumed to have no known private keys, making recovery of the assets impossible.

XRPScan, the XRP Ledger tracker, weighed in on X, revealing that the stolen XRP (373,852 tokens) was also sent to a vanity address with no private key, effectively lost forever.

This news excited some in the XRP army, as the massive token burn contributes to the asset’s deflationary model, creating scarcity and potentially increasing its price. However, this has yet to affect its price, as the asset is trading at $2.14, down 1.05% from yesterday.

Funds Burned Through Politicized Vanity Addresses

While 2025 has seen some notable crypto scams and thefts, this attack was different. It unfolded across various chains on June 18, 2025, with transactions traced from Nobitex to addresses embedded with overtly political messages. A visual flowchart released by Chainalysis illustrates how digital assets left Nobitex and were dispersed into multiple receiving wallets.

This incident adds to the growing list of significant crypto breaches in 2025, including the $1.46 billion ByBit hack that occurred in February. However, this theft was not about making money. These destinations were carefully crafted addresses that contained parts of the hacker’s ideological message.

One address, created on the Bitcoin blockchain, started with the string “1FuckiRGCTerroristsNoBiTEXXXaAovLX,” (Fuck iRGC Terrorists NoBiTEX) a direct political statement about the Islamic Revolutionary Guard Corps, also known as the Iranian Revolutionary Guards, embedded in the destination of the funds.

Rising Tensions and More Threats to Asset Holders

Israel launched Operation Rising Lion on June 13, targeting over 100 Iranian nuclear and military sites. In response, Iran has engaged in sustained missile and drone barrages against Israeli targets, resulting in hundreds of casualties on both sides.

The hackers have been identified as Predatory Sparrow, a hacktivist group, who have threatened to release the exchange’s source code and warned that all assets on the exchange are “entirely out in the open.” Given the current situation, Nobitex may have trouble securing loans, such as Bybit.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP Is Deflationary: Here’s the Total Number of XRP Burned So Far https://timestabloid.com/xrp-is-deflationary-heres-the-total-number-of-xrp-burned-so-far/ Mon, 09 Jun 2025 11:55:25 +0000 https://timestabloid.com/?p=70386 In the cryptocurrency space, few tokens operate with a mechanism as quietly deliberate as XRP. While many assets focus on expansion and inflationary tokenomics, XRP is consistently reducing its total supply through protocol-based transaction fees. These fees are not redistributed or reallocated, they are burned permanently. As of now, over 13.9 million XRP have been […]

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]]> In the cryptocurrency space, few tokens operate with a mechanism as quietly deliberate as XRP. While many assets focus on expansion and inflationary tokenomics, XRP is consistently reducing its total supply through protocol-based transaction fees.

These fees are not redistributed or reallocated, they are burned permanently. As of now, over 13.9 million XRP have been destroyed. At the current price of $2.16, this represents more than $30 million worth of tokens.

Community Perspectives on Long-Term Value

A recent post by Cobb (@Cobb_XRPL), a known voice in the XRP community, highlighted this cumulative burn figure. In response, community members emphasized the importance of this reduction as a strategic advantage for XRP in the broader digital finance ecosystem.

One commenter described the process as XRP “quietly burning itself into scarcity,” reinforcing the idea that this mechanism is intentionally driving growth. Every transaction consumes a small amount of XRP, a cost that is irretrievably burned, and he noted that an average of 3,000 to 4,000 XRP are destroyed daily.

The long-term implications for the asset’s scarcity are increasingly drawing attention from the XRP community and market observers. Another observer extended the logic further, suggesting that if utility and transaction volume grow consistently, the theoretical endgame of constant burning is total supply depletion.

While XRP’s design includes a minimum reserve requirement to prevent account spam and ensure network stability, the commenter’s point underscores a broader perception: the deflationary mechanism gives XRP a built-in scarcity model that contrasts with inflation-prone monetary systems.

Strategic Role in Global Finance

Beyond the mathematics of deflation, XRP is also positioned as a utility-driven asset. Another user highlighted its potential role in moving global liquidity, potentially replacing traditional systems like SWIFT.

The comment referenced XRP’s connections with regions such as the UAE and BRICS nations, and a belief that the asset is “backed by USA gold.” However, such claims remain speculative without official confirmation.

XRP’s value proposition rests in its real-world utility, and its deflationary nature makes it even more valuable. With over 13.9 million XRP already burned and thousands more disappearing each day, this ongoing reduction enhances the asset’s scarcity. As its supply lowers and it gains prominence in global finance, those who invest early will benefit from long-term appreciation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> XRP Ledger Hits New Milestone: Millions of XRP Burned https://timestabloid.com/xrp-ledger-hits-new-milestone-millions-of-xrp-burned/ Tue, 12 Nov 2024 04:54:20 +0000 https://timestabloid.com/?p=49625 The XRP Ledger (XRPL) has achieved a significant milestone, marking 13 million XRP tokens burned and 92 million ledgers successfully closed. This milestone, shared on X by Amelie (@_Crypto_Barbie), highlights the efficiency and longevity of the XRPL, which continues to operate as a high-speed, low-cost blockchain for digital asset transactions. The XRPL’s burn mechanism is […]

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]]> The XRP Ledger (XRPL) has achieved a significant milestone, marking 13 million XRP tokens burned and 92 million ledgers successfully closed.

This milestone, shared on X by Amelie (@_Crypto_Barbie), highlights the efficiency and longevity of the XRPL, which continues to operate as a high-speed, low-cost blockchain for digital asset transactions.

The XRPL’s burn mechanism is crucial in reducing the total supply of XRP over time. Each transaction on the network incurs a small fee, which is then burned—permanently removed from circulation.

This deflationary mechanism aims to prevent spam attacks on the network by adding a minimal cost to every transaction. It can help increase the digital asset’s price through a gradual increase in scarcity. The recent milestone, reaching 13,009,742.65 XRP burned, reflects the cumulative activity on the XRPL since its launch.

Major Advances for the XRP Ledger (XRPL)

The report also states that the 92 millionth ledger was successfully closed, emphasizing the network’s resilience and continuous operation.

With each ledger representing a collection of validated transactions, the high ledger count shows the sustained use of the ledger for various types of transactions, including payments, token issuance, and decentralized finance (DeFi) activities.

The ledger’s performance metrics offer further insights into its efficiency. With a transaction throughput rate of 17.29 transactions per second (TPS) and an average ledger close time of 3.88 seconds, the XRPL remains one of the fastest public blockchains available.

These metrics make the XRPL an attractive choice for enterprises and individual users looking for quick and reliable cross-border transactions. Its speed and efficiency have also made XRP and RLUSD, Ripple’s upcoming stablecoin, suitable for debt management through tokenization on the blockchain. This could alleviate the stress on the U.S. bond market and prevent a global financial crisis.

Additionally, the network has seen over 160,000 successful payments and 483 new accounts created, as highlighted by data from XRPScan.

These figures illustrate the steady growth of the ledger’s user base and the increasing utility of the platform as more individuals and businesses turn to decentralized solutions for payments and other financial services.

This new milestone shows the growing relevance and stability of the XRPL. Experts expect bigger things for the XRPL and XRP particularly over the next few months, with ChatGPT recently predicting that the digital asset could hit a multi-year high soon.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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]]> 10,000 XRP Burned Accidentally By XRPL User: Details https://timestabloid.com/10000-xrp-burned-accidentally-by-xrpl-user-details/ Tue, 29 Oct 2024 05:40:12 +0000 https://timestabloid.com/?p=48613 In an unexpected turn of events, the XRP Ledger recently experienced a transaction that led to the burning of 10,000 tokens, raising discussions across the crypto community. The unusual transaction, initially reported by XRP Explorer platform XRPscan, drew significant attention when the platform tweeted a “moment of silence” in response to the token burn and […]

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]]> In an unexpected turn of events, the XRP Ledger recently experienced a transaction that led to the burning of 10,000 tokens, raising discussions across the crypto community.

The unusual transaction, initially reported by XRP Explorer platform XRPscan, drew significant attention when the platform tweeted a “moment of silence” in response to the token burn and shared a screenshot of the transaction details.

XRPscan’s tweet sparked speculation on whether this burn was a mistake or an intentional maneuver. Thomas Silkjaer, the Head of Analytics and Compliance at InFTF, addressed the issue by suggesting that the burn could likely have been initiated by the token’s issuer, adding an intriguing perspective to the discussion. This possibility of issuer involvement has led to questioning the intentions and impact behind this event.

The token in question, Drop, is a meme coin circulating on the XRP Ledger, with a market cap exceeding $10 million. Given its structure, Drop operates at a highly fractionalized level; 1,000,000 drops constitute a single XRP, making one drop equivalent to 0.000001 XRP.

Although the burned amount might seem insignificant at first glance, even these small-scale burns could have substantial cumulative implications in the longer term.

Evidence of Intentional Token Scarcity?

Shortly after the burn transaction gained visibility, First Ledger, a platform specializing in tracking, trading, and managing tokens on the XRP Ledger, hinted that the burn might indeed have been deliberate. The platform’s tweet implied a strategic motivation behind token burns as a way to foster scarcity and possibly drive value for meme coins on the ledger.

In its message, First Ledger stated, “If you really think about it over time we are going to burn so much XRP launching tokens that we are going to cause the price to pump which means meme coins on the XRPL are actually bullish.”

This message suggests that token burns could become an intentional method to manipulate market scarcity and drive price action, particularly with meme tokens like Drop.

However, despite the implications in its tweet, First Ledger has yet to formally acknowledge the specific 10,000 Drop token burn, leaving room for ambiguity over whether this specific transaction was part of a planned strategy or merely an isolated incident.

Surge in XRP Ledger Activity

In tandem with these developments, the XRP Ledger has been experiencing a notable increase in user activity. In recent days, active wallets on the network surged, reaching 35,799 unique wallets executing at least one transaction within a single day.

This is the highest daily wallet activity recorded in over three months, underscoring the growing engagement on the platform. Additionally, 3,858 new wallets were registered on the ledger in a single day, marking the highest number of new wallets created within a day in over seven months.

The recent token burn incident adds to the expanding activity on the XRP Ledger, which continues to see increasing interest from casual and strategic users. Given the relatively small denomination of Drop and its appeal as a meme coin, community interest in its activities may drive further scrutiny of token management practices and potential scarcity-driven value strategies.

Future Implications and Community Reactions

As speculation continues regarding the motivations behind the 10,000 Drop token burn, the XRP Ledger community is left to ponder the potential outcomes of such activities. Whether or not the issuer intended to introduce scarcity remains an open question.

However, community reactions and the ongoing discussions underscore a keen interest in the potential of meme coins within the XRP Ledger ecosystem.

In the absence of a definitive statement from First Ledger on this specific burn, the event remains a point of intrigue and conjecture. How the XRP Ledger community and potential issuers leverage burn mechanisms to influence market dynamics will likely shape future discussions on token management strategies and price impacts across the network.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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