Tuesday, October 26, 2021
Home Crypto News Market More And More Ripple Whales Before Spark Token Airdrop

More And More Ripple Whales Before Spark Token Airdrop

- Advertisement -

This Saturday, 12/12/2020, the snapshot for the Spark Token Airdrop is coming. Interest in the Ripple Airdrop is high. Recent figures from the analysis firm Santiment show that the number of XRP Whales has increased sharply in recent weeks. Demand for the cryptocurrency increased because of the upcoming airdrop.

Let’s catch a more in-depth look at the numbers for The Ripple Airdrop.

The basis of our article is a recent tweet from Santiment on 12/11/2020.

The data analysis company Santiment has published a graph showing that the number of XRP Whales has increased sharply in recent weeks.


The number of XRP accounts with a balance of more than 10 million XRP has reached a new all-time high of 339 addresses.

As the graph shows, we have seen a sharp increase in Ripple Whales since November. The high demand is triggered by the upcoming Airdrop of the Flare Networks Spark Token.

The allocation of the new tokens depends upon how many XRP you hold. It will be a 1:1 token distribution.

An airdrop is a long-awaited event.

Ripple (XRP) owners have enjoyed an increase in the XRP price in recent weeks. Because more than 50 crypto exchanges now support the airdrop, so lively participation is expected. The distribution of the Spark (FLR) token will be in ratio 1:1 to XRP ownership.

Ripple employees are also allowed to participate in the event. In particular, the management team, which already holds many XRP, is pleased about the airdrop. The only exception is Jed McCaleb, who was excluded from the Spark Token Airdrop.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Good Games Guild Announces Triple IDO on Seedify, Ignition, MoonStarter

Jakarta, Indonesia, 24th October, 2021, Good Games Guild, a gaming hub that aims to create the largest virtual world economy by optimizing its owned...

YearnNFT Finance: An Advanced Approach to NFTs with Digital Art and Collectibles

Since August, the market sales with respect to NFTs have skyrocketed, where a single NFT sales round up to millions worth. There have been...

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.