The XRP Ledger blockchain has finally done the equivalent of a teenager changing their name on social media to escape their embarrassing family history. The core program, once known as “ripple daemon” (which sounds like a small, mischievous spirit that causes accounting errors), has been reborn as “xrpl daemon”. This is a bit like renaming your cat “Cat” after years of calling it “Fluffy” because the neighbors kept asking why you had a fluffy tail.
According to the XRPL Foundation, this is all about separating the independent public network from Ripple the company – a distinction that has been as blurry as a drunk owl’s vision for years. Now courts and regulators like the US SEC will have one less excuse to confuse a blockchain with a corporate entity. It might also attract third-party developers who were put off by the whole “the company might own the network” thing. (Though really, if you’re a developer, you probably have bigger concerns, like why your coffee always goes cold.)
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Apart from the name change, the update has the audacity to actually be useful: the program now consumes 30%-40% less RAM. This means servers will run faster, which is good, because if there’s one thing a blockchain needs, it’s fewer reasons to run slow and crash when you’re trying to pay for a coffee. (Note: never use XRP to buy coffee; the barista will give you a look that says “I have no idea what this is.”)
How whales quietly absorbed 74% of all XRP – And Why You Shouldn’t Panic (Or Panic, We’re Not Your Mum)
Against this backdrop of rebranding and RAM-saving, XRP itself did a little dance, jumping 13% in one day – back to the $1.28 level it hasn’t seen since that time your uncle tried to explain blockchain at Christmas dinner. Analysts at Santiment blame [1] this on a positive geopolitical development (i.e., the Middle East conflict paused long enough for investors to remember they owned crypto).
The largest players, known as “whales”, used the recent price drop like a Black Friday sale. Now wallets holding at least 1 million XRP control a record 74.1% of all existing coins. Over the past six months, they’ve accumulated 1.53 billion more coins, which is a number so large it sounds made up. But it’s real. They are now essentially the cartel of the XRP sea. (Decentralisation, anyone? No? Just the whales then.)
So while the network tries to erase Ripple from its technical documents, the market is doing the equivalent of a shrug and saying, “We don’t care what you call the daemon, as long as the money keeps flowing.” And with whales hoarding like that, it’s hard to argue the strategy isn’t working. At least the daemon uses less RAM now.
[1] Santiment analysts are known for blaming things on whatever happens to be trending on Twitter that day. This is not a criticism; it’s a survival strategy.
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2026-06-16 12:12