Home Blog Page 466

White House to Speak at Ripple Swell: Details

Lele Jima
-
0
White House to Speak at Ripple Swell: Details

The XRP community is buzzing with excitement after Ripple announced that a senior White House official will be speaking at Ripple Swell. 

 

Ripple, which has been unveiling the line-up of speakers for its upcoming conference, made an interesting announcement on Thursday. Specifically, Ripple disclosed that Patrick J. Witt, a representative from the White House’s Digital Assets Council, will speak at its conference.

The announcement, which captured the attention of the XRP community, underscores the U.S. government’s importance of digital assets. For context, Witt is the executive director of the President’s Council of Advisors on Digital Assets.

The committee spearheads the industry’s political priorities, particularly its push for favorable regulations. Witt became the council’s executive director in August, following the resignation of Bo Hines.

Validation of Ripple’s Role in the U.S. Financial System?

Witt’s inclusion among the line-up of speakers has sparked bullish reactions among XRP proponents. Some community members interpreted it as a strong signal of institutional and governmental recognition of Ripple’s technology and its role in shaping the future of digital finance.

In particular, amid Witt’s involvement in Ripple’s fast-approaching conference, Chad Steingraber stressed that critics should no longer question Ripple’s role in the United States’ new financial system.

His assertion comes amid widespread speculation about the potential integration of XRP into the U.S. financial system.

In June, community figure SMQKE suggested that XRP could play a role in FedWire’s annual settlement process—valued at over $1 trillion—through Ripple’s collaborations with Volante Technologies and Finastra. It is worth noting that both Volante and Finastra are key players in the FedWire’s financial infrastructure.

While that bold claim initially sparked mixed reactions, the White House’s participation at Ripple Swell is now being viewed by many as a validation of that vision.

Ripple Swell 2025

Notably, Ripple’s annual Swell event brings together global financial leaders, policymakers, and blockchain innovators to discuss trends in payments, tokenization, and regulatory developments. The event will hold on November 4 – 5, 2025, in New York City, with ticket sales ending today.

Witt will join other prominent figures speaking at the conference. They include Ripple executives such as Brad Garlinghouse, Chris Larsen, and Monica Long, as well as policymakers such as New York Rep. Ritchie Torres and European Parliament Member Billy Kelleher.

More top financial figures from BlackRock, BNY Mellon, Kraken, Bitwise, Citi, and Fidelity will also speak at the conference. In its latest announcement, Ripple described the upcoming conference as a must-attend event for investors and industry participants.

Molt Media Founder Says No Way I Am Selling XRP Under $100

Abdulkarim Abdulwahab
-
0
Molt Media Founder Says No Way I Am Selling XRP Under $100

Jake Molter, founder of Molt Media, has become the latest prominent voice in the XRP community to publicly endorse the $100 price target.

In a post on X, Molter bluntly stated that “there is no way” he will sell his XRP holdings under $100. His declaration adds to a growing list of XRP advocates who believe the token’s value will eventually soar to three digits.

Jake Molter on X
Jake Molter on X

Currently trading around $2.40, XRP would need to rally by more than 4,100% to reach Molter’s target. For perspective, a 5,000 XRP portfolio worth about $12,000 today would be worth $500,000 if XRP reached $100.

Echoes of Earlier Convictions

Molter’s stance mirrors that of other well-known XRP proponents, such as Edoardo Farina, Head of Social Adoption at XRPHealthcare, who earlier this year vowed never to sell his XRP — not even during extreme events like World War III, a financial collapse, or an AI takeover.

Farina emphasized that he would only consider selling part of his holdings once XRP reached $100. His conviction aligns with a broader “hold until $100” mindset among long-term XRP believers.

Many cite XRP’s utility in cross-border payments, its integration into institutional finance, and the development of ETFs as factors that could one day justify a multi-trillion-dollar market cap.

Popular Timelines for the $100 Target

Indeed, the idea of XRP reaching $100 has become a shared community goal. Some analysts, like 24hrscrypto1, suggest it could happen by 2030 or earlier. CryptoCharged COO Matthew Brienen believes $100 is “highly possible” within the next ten years.

Market experts like Linda Jones note that early XRP investors saw its value grow steadily, and believe this growth could continue to $100 as more people adopt it. While Jones did not provide a specific timeline, she considers it a future possibility.

Strategy: Turning $100 Dreams into Wealth

While many XRP holders fixate on the $100 target, some industry leaders emphasize the importance of financial strategy.

Jake Claver, CEO of Digital Ascension Group, recently warned that “even if XRP hits $100, it won’t mean much without a plan.” 

Claver urged investors to prepare through tax, trust, and custody structures to manage any potential windfall responsibly. The point is that belief alone is not enough; preparation is key.

Essentially, the $100 XRP narrative is a vision shared by founders, analysts, and long-term investors who view XRP as a generational opportunity rather than a short-term trade.

Meanwhile, for other commentators like Vincent Van Code, it takes more than lip service to hold XRP until those lofty heights. Notably, dramatic volatility could seriously test investors’ resolve. 

To him, it takes a level of mental toughness or, as he dramatically puts it, “mental illness,” to hold for that long.

“Grateful and Motivated,” CZ Says After Trump’s Presidential Pardon

Zabi
-
0
“Grateful and Motivated,” CZ Says After Trump’s Presidential Pardon

Changpeng “CZ” Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has received a full pardon from U.S. President Donald Trump.

Trump signed the pardon on Wednesday, noting that he had been prompted to act by numerous appeals from various individuals.

Speaking at a press conference on Thursday, Trump said he did not personally know Zhao. However, he added that he had been told the Binance founder was “unfairly treated” by the Biden Administration.

“People said he wasn’t guilty of anything,” Trump said, further adding that many believed Zhao’s actions “weren’t even a crime.”

Background

Zhao’s legal matters emerged in November 2023, when he pleaded guilty to a regulatory violation linked to inadequate Anti-Money Laundering (AML) procedures at Binance, in violation of the Bank Secrecy Act. He subsequently consented to resign as the exchange’s CEO.

Then, in April 2024, a US court sentenced him to a four-month prison term. He was subsequently released in September 2024 upon completion of his sentence.

The case never involved fraud, theft, or money laundering. Prosecutors focused solely on compliance lapses, an unusual basis for a criminal conviction in the crypto industry.

Defense Hails Decision as Justified

Following the pardon, Zhao’s attorney Teresa Goody Guillén praised the decision on X (formerly Twitter). She described Zhao’s conviction as “a single charge of failure to have an effective compliance program” and emphasized that he had no criminal history and no victims.

Guillén stated that CZ represents the first instance in U.S. history of a first-time offender being sentenced to prison for a sole charge that does not involve fraud. She added that the judge found no evidence that Zhao knew of any illicit transactions and believed there were no illegal funds on the platform.

CZ Responds with Gratitude and Optimism

After the pardon, Changpeng Zhao took to X to thank Trump and his supporters. He wrote that he was “deeply grateful” and eager to help strengthen the US role in digital innovation.

“We are committed to supporting initiatives that position America as a leading hub for cryptocurrency and to promoting the growth of Web3 on a global scale,” Zhao stated.

His plea deal had prohibited him from holding a position at Binance. Nevertheless, the presidential pardon may now pave the way for his return to the company’s leadership.

BNB Token Surges After Announcement

The crypto market reacted swiftly to the news. Binance’s native token, BNB, jumped by 6%, rising from $1,085 to $1,150. The price later stabilized around $1,139, reflecting renewed optimism among investors.

Analysts said the rally underscored confidence in Binance’s long-term stability and potential for renewed leadership under Zhao.

Another Crypto Clemency from Trump

Zhao’s pardon adds to a growing list of crypto industry figures who have received clemency from Trump. Following his inauguration in January 2025, he has extended pardons to the three BitMEX co-founders, including Arthur Hayes, as well as Ross Ulbricht, founder of Silk Road, who had been sentenced to two life terms and 40 additional years.

The latest decision reinforces Trump’s emerging image as a pro-crypto president.

Shiba Inu Faces Deeper Decline if Price Falls Under This Support: Analyst

Elendu Benedict
-
0
Shiba Inu Faces Deeper Decline if Price Falls Under This Support: Analyst

Shiba Inu is trading below the confluence of a descending channel, with analysis suggesting further downward moves are likely.

Analyst Lingrid shared this in her TradingView commentary on Thursday, taking a bearish stance even as Shiba Inu makes a mild rebound effort. After an over 2% rise yesterday, the meme coin has continued with this momentum today, up over 1%.

Shiba Inu Below Confluence Trendline

Nonetheless, Lingrid shared that Shiba Inu trends below the critical trendline in a developing descending channel. A shared SHIB/USDT 4-hour Binance chart shows that the token’s price action has developed within this channel since mid-August, also forming other sub-patterns.

photo 2025 10 24 12 04 34
Shiba Inu 4h Chart | Lingrid

Most recently, a broader market capitulation saw Shiba Inu break down from an upward channel, dropping to $0.0000067 on October 10 before recovering. Despite the comeback, she noted that SHIB still trends below the confluence of the descending trendline.

This comes after a rebound to the $0.0000148 and $0.0000136 resistance band stalled. The selling pressure pushed the cryptocurrency below the confluence at $0.00001078, sending it into bearish territory.

Further Lows for SHIB and Invalidation Point

Meanwhile, the analyst noted that as long as SHIB trades below $0.0000110, it could continue its sideways move. She predicted a dump to the next support level at $0.00000865, representing a 15% correction from the current market price.

The drop target aligns with the lower support trendline of the descending channel. This puts SHIB under severe downward pressure, as a massive correction would ensue if it dropped below the trendline.

However, the analyst emphasizes that this move will not happen if the current bullish momentum takes the asset’s price to $0.00001136. She mentioned that a sustained break above the $0.00001108 to $0.00001136 range would flip the near-term structure.

The move could also force Shiba Inu towards $0.0000125 and $0.0000136, representing 22.5% and 33.3% increases, respectively. A broader market rebound, a meme coin frenzy, and a sharp Bitcoin rebound could also spur this move, invalidating the current bearish momentum.

Remarkably, analyst SwallowAcademy predicted a similar Shiba Inu move, targeting the 200-day exponential moving average (EMA). The indicator trended at $0.00001299 at the time of his analysis.

Trader Opens Massive $1,000,000 XRP Long Position

Lele Jima
-
0
Trader Opens Massive $1,000,000 XRP Long Position

A trader on the Hyperliquid derivatives trading platform has shown optimism in XRP’s near-term potential by opening an XRP long position of $1 million. 

XRP community figure Xaif drew public attention to the trade, which he suggested was opened yesterday. Per the accompanying screenshot, the trader opened a $1 million long position on XRP at an entry price of $2.4093, totaling 416,736 tokens.

The anonymous trader opened the position with a 10x leverage as part of efforts to amplify potential gains. Such large leveraged positions often indicate strong bullish sentiment or expectations of an imminent price rally. 

Since opening the position, the price of XRP has spiked to $2.44, representing an upsurge of 1.27% from the trader’s entry price of $2.4093. In other words, if the trade remains active, the trader is in a profitable position. 

Traders Remain Optimistic After October 10 Crash 

The development comes just weeks after XRP leveraged traders, especially those betting on a price increase, suffered record liquidations. During the October 10 market crash, which pushed XRP’s price below $1.5, a whopping $19.31 billion in leveraged positions were wiped out, with XRP accounting for approximately $703 million of the total. 

Notably, traders holding long positions in XRP at the time suffered liquidations totaling approximately $615 million. In contrast, short traders who bet on a price decline recorded a smaller loss of about $92 million.

Community figure Chad Steingraber referred to this wipeout as a “Black Swan Moment” for XRP. Meanwhile, since that liquidation event, XRP has bounced back above $2, giving leveraged traders, including the user who opened a $1 million long position, confidence to bet on a potential price spike.  

XRP Liquidations 

In the meantime, around $2.44 million XRP leveraged positions have been wiped out over the past 24 hours. Long positions account for $1.29 million of the total liquidations, while shorts account for $1.15 million. 

Total XRP Liquidation
Total XRP Liquidation

Meanwhile, if XRP dips to $2.349, roughly $56.33 million worth of long positions could be wiped out. However, $59.91 million in short positions would be liquidated if XRP’s price spikes to $2.541. 

Potential XRP liquidation
Potential XRP liquidation

Analyst Says XRP on Track to Slump to $2.10

Sam Wisdom Raphael
-
0
Analyst Says XRP on Track to Slump to $2.10

Lingrid, a well-known analyst, has suggested that XRP is on track to hit a new yearly low, but shared what could invalidate the bearish trend.

Notably, Lingrid’s analysis takes inspiration from XRP’s current struggles amid the ongoing broader market uncertainties. For context, after recovering from the Oct. 10 crash, XRP has remained in a bearish position, down 14.22% this month, as it changes hands at $2.44 at press time.

Lingrid first presented her XRP commentary on Oct. 18, when the price showed short-term weakness. At the time, XRP traded for $2.33, recovering from a mild pullback earlier that day. Despite the immediate rebound, Lingrid confirmed that XRP still traded within a downward channel on the 4-hour chart.

XRP Could Target $2.1 

Specifically, data from her chart shows that this channel started forming in late August, and XRP has continued to trade within it since then. Interestingly, the chart also features a blue descending trendline that has divided the channel into two parts, acting as resistance and hindering a possible price push to the upper section of the channel.

After three failed attempts, XRP broke above this blue resistance trendline on Oct. 1 and soared to retest the upper end of the channel a day later, as prices rose to $3.1. However, the tougher resistance at the upper end of the channel led to a pullback. 

Despite the pullback, XRP held above the blue resistance trendline until the Oct. 10 crash that pushed prices below $2.7. Since then, XRP has struggled below the blue resistance trendline. It retested the trendline during the rally to $2.63 on Oct. 13 but couldn’t break through. 

Another correction followed, leading to Lingrid’s bearish bias on Oct. 18. According to the analyst, XRP remains trapped within the descending channel, forming lower highs and lower lows. She noted that if this momentum continues, XRP could collapse to retest the lower end of the channel at $2.10.

A Possible Lifeline for XRP

However, the analyst provided a possible lifeline. She emphasized that if XRP could break above the $2.5 price level, this would invalidate the downtrend. More specifically, Lingrid revealed that a breakout above $2.45 could set the stage for a possible trend reversal, pushing XRP to a $2.83 price. 

To Lingrid, this change could come from a shift in Bitcoin sentiment from bearish to bullish. In addition, another factor that could trigger this bullish turn of events is an unexpected regulatory or liquidity development. For instance, JPMorgan confirmed yesterday that it expects the Federal Reserve to end quantitative tightening next week. This could boost liquidity for the crypto market.

While Lingrid leans bearish, most other analysts believe XRP has maintained resilience. Specifically, market watcher EGRAG Crypto argued that XRP has not witnessed any bearish breakdown on the monthly chart, insisting that the chart shows strength. Moreover, analyst Ali Martinez recently pointed out that the TD Sequential has flashed a buy signal on the 4-hour chart.

XRP TD Sequential Ali Charts
XRP TD Sequential | Ali Charts

XRP vs Ethereum: Here’s the Price and Timeline for XRP to Beat ETH and Take Second Spot

Sam Wisdom Raphael
-
0
XRP vs Ethereum: Here’s the Price and Timeline for XRP to Beat ETH and Take Second Spot

The crypto community has sustained the “XRP vs Ethereum” conversation, with some pundits assessing the price and timeline for XRP to beat ETH.

While Bitcoin (BTC) has always maintained the top spot among the largest crypto assets, the second position has been more susceptible to change over the years. Notably, XRP and Ethereum (ETH) battled for this position for years, leading to the persistent “XRP vs Ethereum” debate.

The XRP vs Ethereum Debate

However, following the 2018 bull run, Ethereum maintained its dominance as the second-largest crypto asset, as XRP saw a rapid price crash after January of that year. The U.S. SEC’s lawsuit against Ripple in December 2020 further exacerbated XRP’s price situation, giving Ethereum an edge in the race.

For context, after the lawsuit, XRP fell further, relinquishing the third position and even battling to retain the top 5. These struggles persisted as XRP continued to range between $0.4 and $0.6 for over seven years despite occasional swings. 

Nonetheless, things took a turn for the better in November 2024, when XRP broke above the range on the back of the U.S. elections, soaring to a peak of $3.4 by Jan. 16, 2025. With this, XRP recovered its third spot, again rejuvenating the XRP vs Ethereum discussion.

However, it wasn’t until April that XRP really challenged Ethereum for the second spot. Specifically, while Ethereum’s market cap slumped to $174 billion on April 8, XRP had a valuation of around $104 billion, with only $70 billion between both assets. At that point, a mere 67% rise in XRP’s price would have allowed it to displace ETH.

Price and Timeline for XRP to Surpass ETH

Today, Ethereum has recovered considerably from that low, while XRP has not seen a comparable rebound. As a result, ETH now has a market cap of $472 billion, with XRP only boasting $145 billion in valuation. As a result, there is a whopping $327 billion worth of valuation between them. XRP has also dropped to the fifth position among the largest assets. 

At the current position, XRP changes hands at $2.41, while ETH trades for $3,930. From here, XRP would need a greater rally to surpass Ethereum’s valuation. With a circulating supply of around 60 billion tokens, XRP’s price must rise to $7.9 for the altcoin to soar past Ethereum’s valuation of $472 billion. Essentially, a 231% rally to $8 should do the trick.

Interestingly, several analysts have already projected a possible XRP run to $8. For instance, earlier in the year, analyst Dark Defender predicted that XRP’s fifth Elliott Wave could push prices to $8. In May, market commentator Xena suggested that while XRP could reach $8 this year, such a price should not excite investors, as it is capable of doing much more.

However, for XRP to overtake ETH when it claims $8, Ethereum would need to remain stagnant at $3,930, which is highly improbable. This is why it is challenging to predict the price at which XRP could surpass Ethereum. 

Pundit Alex Cobb predicted that this could happen in September 2025, but the projection failed to materialize. Meanwhile, Coach JV already believes XRP would overtake both Ethereum and Bitcoin to become the largest crypto asset by market cap by 2030.

Major Whale Opens $40M Leveraged Long on HYPE Amid Hyperliquid’s $1B Equity Raise

Zabi
-
0
Major Whale Opens $40M Leveraged Long on HYPE Amid Hyperliquid’s $1B Equity Raise

Whales are ramping up long positions in HYPE after Hyperliquid Strategies announced a $1 billion plan to expand its holdings.

Specifically, a major whale wallet identified as 0x082e has been aggressively building leveraged long positions in HYPE, the token powering the decentralized exchange Hyperliquid.

According to blockchain data, the trader initiated a 5x leveraged position at an average price of $38.85. Consequently, they now hold more than 1 million HYPE tokens, with a total value of approximately $40.92 million.

HYPE 5x Long Trade
HYPE 5x Long Trade

With HYPE currently trading near $40.20, the whale sits on an unrealized profit of approximately $1.38 million. Moreover, the liquidation price for the position is set at $22.34, suggesting a high-risk, high-conviction bet on continued upside.

Market data from CoinMarketCap shows that the token has gained over 10% in the last 24 hours, pushing its market capitalization to $13.45 billion. This jump has propelled HYPE to become the 11th-largest cryptocurrency worldwide, cementing its presence among major digital assets.

Hyperliquid Strategies Targets $1B Equity Raise

The increased trading activity coincides with Hyperliquid Strategies’ move to raise $1 billion through a new equity offering. The firm has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to issue up to 160 million common shares via Chardan Capital Markets.

The proceeds will be used to strengthen the company’s balance sheet and to support its ongoing operational activities. Additionally, they will enable the strategic expansion of the company’s holdings of HYPE tokens.

Corporate Merger Nears Completion

The funding initiative comes as Hyperliquid Strategies moves toward the final stage of its merger with Sonnet BioTherapeutics and the special-purpose acquisition company Rorschach I LLC.

The merger is anticipated to close later this year. Upon completion, the combined entity will commence trading on Nasdaq under a new ticker, which has yet to be disclosed.

Leadership appointments have already been confirmed. For instance, former Barclays CEO Bob Diamond will serve as Chairman, while David Schamis assumes the role of Chief Executive Officer.

The merged company reportedly holds 12.6 million HYPE tokens and $305 million in cash. These funds will primarily support staking activities to generate long-term yield.

Bitcoin Short Signals Divergent Market Sentiment

Meanwhile, blockchain analytics firm Lookonchain reported a separate development on the Hyperliquid exchange. A trader operating under the wallet address 0xdDc7 has opened a 40x short position on Bitcoin, worth approximately $31.84 million.

Specifically, the whale entered at $109,560 per BTC and set a liquidation price of $118,344. With Bitcoin currently trading around $110,969, the short is in unrealized loss.

Interestingly, data shows this wallet has completed 20 trades on the platform, maintaining an 80% win rate and total profits of $8.7 million.

Dogecoin Ready to Rebound—Top Analyst Predicts Bullish Targets

Elendu Benedict
-
0
Dogecoin Ready to Rebound—Top Analyst Predicts Bullish Targets

Prominent market analyst Ali Martinez has highlighted that Dogecoin could possibly rebound from recent lows, sharing possible targets.

Martinez shared this insight in his Thursday commentary, even as prices show signs of life. The largest meme coin by market cap has risen slightly over the past 24 hours, mirroring Bitcoin’s rebound to near $110,000.

Today’s recovery contrasts with price action in the last two days, when DOGE declined by 3% and 2.467%, respectively. Nonetheless, the token remains down by 2.7% and 19.3% over the past seven days and one month.

Dogecoin Eyes Rebound

Meanwhile, Martinez noted that the predominant bearish momentum for Dogecoin could be nearing its exhaustion. He emphasized that this could happen as DOGE nears the bottom of a parallel channel on the 12-hour price chart.

Dogecoin entered this channel during the March correction, following its January peak at $0.450. After entering the ascending wedge, the prominent meme coin has shuffled between the top and bottom of the price structure.

DOGE is currently trading near the lower support area, following its recent price underperformance. Martinez predicted that Dogecoin could rebound from support, with a buying spike potentially pushing the token higher.

How High Can Dogecoin Go?

Should the price bounce, Martinez has highlighted possible targets for this bullish price action. The first higher price that Dogecoin would rebound to is the channel’s midpoint resistance at $0.25, representing a 29% increase from its current market price of $0.197.

Dogecoin 12h Chart Ali Charts
Dogecoin 12h Chart | Ali Charts

Meanwhile, he suggested that Dogecoin could go even higher. If the midpoint supply breaks, DOGE could appreciate to $0.33, aligning with the upper resistance of the parallel channel. This represents a 70% spike from the current level.

Dogecoin Forms Bullish Flag

Notably, another analyst, Trader Tardigrade, also shared a similarly bullish development for Dogecoin in the near term. He highlighted that DOGE trades within a bull flag pattern on the 4-hour chart, a structure known to precede an upward breakout.

This pattern followed its crash to $0.103 on October 10, with prices consolidating within this range since then. The long wick formed the pole, with DOGE filling up the flag subsequently.

Dogecoin Bull Flag Pattern
Dogecoin Bull Flag Pattern

Tardigrade predicts a breakout that would take DOGE to $0.43, representing 122% price growth from current levels. 

Interestingly, this follows a parallel prediction from Tardigarde, where he predicted that Dogecoin would go parabolic to its target of $1.15 this cycle.

40,000,000 XRP, Flare CEO Says It’s “Only the Beginning”

Lele Jima
-
0
40,000,000 XRP, Flare CEO Says It’s “Only the Beginning”

Flare CEO Hugo Philion highlights the surging demand for FXRP, with 40 million XRP now successfully bridged to the blockchain. 

He shared the incredible milestone in a recent X post as it marks a defining moment for Flare and the broader XRP ecosystem. As of the time of the post, the 40 million XRP tokens were worth $96 million. 

Following the bridging of 40 million XRP to Flare, Philion announced that the network has become the largest XRP DeFi (XRPFi) project. Despite this impressive milestone, he emphasized that it marks only the beginning for XRP on Flare, suggesting that more tokens could be bridged to the blockchain soon. 

Flare XRPFi Initiative 

The milestone comes less than a month after Flare launched FAssets. This system enables users to bridge non-smart contract tokens, such as XRP, onto Flare, which are then used in DeFi activities such as staking and lending.

To participate, users bridge their XRP to Flare, where it is locked and used to mint FXRP, a wrapped version of XRP on the network. FXRP can then be deployed across Flare-based DeFi platforms, such as Kinetic Markets, to enable users to earn yield. 

Current Stats 

Fresh data from Flare’s FAssets dashboard shows that around 39.54 million XRP ($98.54 million) are currently held in Flare’s vaults. Notably, users have minted 40.11 million FXRP to date, worth $96.63 million. These tokens were minted across 12,930 transactions. The number of individual FXRP holders currently stands at 3,770. 

As of now, approximately 1.2 million FXRP remain available for minting. Flare currently has about $22.69 million in total collateral backing the system, split between $15.72 million in FLR tokens and $6.97 million in USDT. 

Flare XRP
Flare XRP

Since its launch, demand for FXRP has surged consistently. Initially set at a weekly minting cap of 5 million FXRP, the limit has since tripled to 15 million, and users have rapidly used up each allocation within hours.

According to Philion, retail investors fueled the first wave of FXRP demand, with no institutional involvement. However, he anticipates institutional participation once the FXRP circulating supply reaches $100 million, which is less than $4 million away. 

1...465466467...2,633Page 466 of 2,633