Oh, what a curious little beast XRP is! It’s been dancing up and down like a sugar-high child on a trampoline, but here’s the twist-it’s gone and done something quite peculiar!
According to the sharp-eyed folks over at XRPScan (they don’t miss a trick, those lot), XRP’s “burn rate”-that’s the amount of XRP getting torched as transaction fees-plummeted from a chubby 616 XRP on October 17th to a measly 178 XRP on October 18th. That’s a drop of a whopping 71.26%! Talk about going cold turkey on burning, eh?
Now, you’d think that when the crypto world is *buzzing* and XRP’s price is doing a merry jig on the green side of things, burning more XRP would be the thing to do. But no! Instead, the price of XRP has shot up like a rocket, with a bold 5.26% increase in the last 24 hours. It’s almost like the price of XRP got a great big caffeine shot, while the burn rate fell into a deep nap. 😴
As of today, XRP peaked at $2.37-talk about living the dream! But don’t get too comfortable-here’s where it gets juicy.
The Baffling Saga of XRP: Price Soaring, Burn Rate Plummeting
Now, you’d think that a spike in XRP’s price would lead to a *huge* burn rate-more people using the network, more transactions, more XRP getting burnt, right? But instead, the burn rate dropped faster than a pancake at a poorly-run breakfast buffet! So what gives?
Well, it turns out that the crypto market, as unpredictable as a feral squirrel, is bouncing back, with other altcoins putting on their best “modest gain” faces. So, naturally, you’d expect XRP to be racking up more burns… but nope! Instead, it’s a strange mix of a rallying price and a shrinking burn rate. Maybe XRP’s burning it all on the inside, where no one can see? 🤔
Some clever folks are suggesting that this drop in burn activity might be a sign of a *smarter* network. Maybe Ripple’s been doing some behind-the-scenes magic, making the whole thing run more efficiently-like turning a clunky old car into a smooth-riding sports car. 🚗💨
But of course, there’s another theory floating around like a balloon at a carnival. Some think that the big players, the institutional giants, are cleverly adjusting how they use XRP’s network. Could Ripple’s relentless innovation be at the heart of this? Oh, the plot thickens! 😏
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2025-10-18 17:29