Ripple ,,Destroyed" More than 330 Million XRP In The Last 12 Days!

in #cryptocurrency • 7 years ago

I found that Ripple has a plan to "destroy" certain amount of XRP that are available on the market. It should be done with every transaction (if I remember well).

On 8th June, I took screenshot of Ripple stats at the market. Just to see if something would change.

ripple.png
This is from 8th June.

xrp.png
This is from today.

With simple calculation 38.621.693.933 - 38.290.271.363 = 331.422.570 we could see that Ripple destroy more than 330 million XRP that are available at the market!

I am interested to see what amount of XRP will be "destroyed".

#bitcoin #ripple #money #news
7 years ago in #cryptocurrency by
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     7 years ago 

    Does this mean it will go up or down lol?

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     7 years ago 

    It's hard to say because there are still too many coins - more than 38 billion. If they keep like this and also incress market cap, price should go up.

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       7 years ago 

      Sounds Good To Me!

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         7 years ago 

        Ripple can "destroy" XRP at any given moment?

        So they must be able to create it at any given moment also?

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