đ„ $XRP Ledger burns 1,115 XRP in a single day. What does it mean?
The XRP network reportedly burned 1,115 XRP in 24 hours, marking its highest daily burn rate in over two weeks.
Every transaction on the XRP Ledger requires a small fee, and that fee is permanently destroyed rather than paid to validators.
But here's the important part: a higher burn rate doesn't automatically mean XRP's price will rise.
The real question is whether network usage and demand can grow enough to make a meaningful difference over time.
I will be watching network activity alongside XRP's price action. đ
#XRP #Ripple
The XRP network reportedly burned 1,115 XRP in 24 hours, marking its highest daily burn rate in over two weeks.
Every transaction on the XRP Ledger requires a small fee, and that fee is permanently destroyed rather than paid to validators.
But here's the important part: a higher burn rate doesn't automatically mean XRP's price will rise.
The real question is whether network usage and demand can grow enough to make a meaningful difference over time.
I will be watching network activity alongside XRP's price action. đ
#XRP #Ripple