Uniswap

XRP Whales Lined Up For Spark Token Distribution

Navigation

XRP News today: Flare Spark token distribution details

XRP Whales Lined Up For Spark Token Distribution

XRP Whales Lined Up For Spark Token Distribution
CONTENT

  • XRP whales are actively preparing for the distribution of Spark tokens

  • The number of large XRP addresses has reached an absolute maximum

  • Screenshot of XRP wallets will take place on December 12

International consortium of news organizations developing transparency standards.

The number of addresses with balances over 10 million in XRP has reached an all-time high ahead of the distribution of Spark tokens to all XRP holders

XRP Whales Lined Up For Spark Token Distribution

XRP token whales have activated in anticipation of the Spark token distribution. At least this is signaled by the blockchain data of the Santiment resource..

Join our telegram channel to keep abreast of the main trends in the crypto market.

Source: twitter.com/santimentfeed

It is reported that the number of XRP addresses with volumes of more than 10 million tokens has reached an absolute maximum of 339 wallets. Thus, at least $ 1.8 billion is stored only on these addresses (XRP / USDT rate at the time of writing is $ 0.55).

Learn how to trade in the cryptocurrency market with BeInCrypto partner – cryptocurrency exchange StormGain

Source: ledger.exposed

XRP Whales Lined Up For Spark Token Distribution

In fact, the number of addresses with balances ranging from 10M XRP to 20M XRP equals just 84 wallets. There are many more wallets with volumes ranging from 20 million XRP to 99 million XRP. There are 167 of them. At the same time, only five wallets hold from 1 billion XRP.

Freebie lovers

The growth in XRP whale activity occurs a day before the start of the distribution of Spark tokens from Flare Network. As a reminder, starting December 12, users who have deposited XRP tokens to sites supported by the Flare Network airdrop will receive free Spark tokens in a 1: 1 ratio with XRP.

XRP holders must hold XRP tokens on the exchanges that announced the support of the airdrop in the period from 00:00 on 11/12/2020 to 00:00 on 13/12/2020 in order for the Flare Network to register everyone who wants to receive free tokens.

However, users will not receive them immediately. According to the official announcement, the distribution of Spark tokens will begin only with the launch of the project network. Each account that Spark is claimed for will receive 15% of the total Spark. The remaining tokens will be issued to applicants within 25 to 34 months.

Read also: Messari CEO calls XRP and XLM “toxic waste”

The BeInCrypto editorial staff previously reported that the excitement around the Spark token airdrop has grown to such a scale that the XRP reserves on the accounts of trading platforms exceeded 21 billion coins..

Recall that most XRP went to the largest South Korean exchange Bithumb (700 million XRP) and the American Kraken (397 million) headquartered in San Francisco. The rest of the transfers went to other cryptocurrency exchanges such as Coinbase, Huobi, and Binance.

For information on how Spark tokens will be divided between members of the cryptocurrency community – read the special material BeInCrypto.

XRP Whales Lined Up For Spark Token Distribution

What do you think? Share your thoughts with us in the comments and join the discussion in our Telegram channel.

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

Similar articles