Popular XRP wallet Xumm has recently seen a significant surge in the number of users behind it ahead of an upcoming token airdrop that will reward XRP token holders. The airdrop, is coming from layer-2 smart contract platform Evernode.
According to available data, Xumm had 17,330 unique active users on November 26, with the figure rising to 18,000 on November 27. However, in anticipation of the Evernode airdrop, user engagement experienced a remarkable boost. Within less than a day, active users shot up to 25,377, marking a 45% increase from the previous count.
After the data was revealed, Evernode’s team detailed that in the first 24 hours of registrations, it saw over 10,375 addresses register, which collectively held around 107 million XRP tokens at the beginning of September, the date of the airdrop’s snapshot.
Airdrop Registrations – First 24 hrsRegistering Addresses: 10,375 Qualifying XRP Addresses Held At 1 September: 107MM(Excludes Uphold and Bitrue) https://t.co/QOsmi2d74s
— Evernode – rEvernodee8dJLaFsujS6q1EiXvZYmHXr8🪝 (@EvernodeXRPL) November 28, 2023
The rise in active users and registrations comes despite recent security concerns among the XRP community, with some users showing skepticism about the necessity of linking wallets to Xumm. In response, Evernode addressed these issues, explaining the complexities involved in distributing tokens on one blockchain based on holdings from another, particularly while ensuring user anonymity.
The airdrop process requires participants to register and import or clone their XRPL r-address onto Xahau, an XRPL sidechain developed by the Xumm team, with Xumm currently being the only wallet supporting this function that the project is aware of.
The Evernode team emphasized that not participating in the airdrop is an option for those uncomfortable with using Xumm for registration and urged users to make informed decisions based on their understanding of the process.
If you can’t/won’t use Xumm to register, then you definitely can’t/won’t use Xumm to import/clone. Far better you self-select out of the process now, rather than complain even further down the track that you want a different way of getting free stuff. 3/4
— Evernode – rEvernodee8dJLaFsujS6q1EiXvZYmHXr8🪝 (@EvernodeXRPL) November 28, 2023
As CryptoGlobe reported, XRP whales have recently sparked a market frenzy after the price of the cryptocurrency moved up significantly so far this year. According to data from whale monitoring service WhaleAlert, numerous XRP whales have been making large transactions on the cryptocurrency’s network, with these including a 25.5 million XRP transfer to cryptocurrency trading platform Bitstamp, and 85 million XRP being moved between two wallets whose owners haven’t been identified.
On top of that, Whale Alert recently flagged one transaction on 90 million XRP, worth over $55 million, going from Ripple – a major player in the XRP space – to an unknown wallet.
Featured image via Unsplash.
