XRP Faces a Sharp Drop in Burn Activity
Main Idea
XRP experienced a significant 25.96% drop in coin burn activity alongside price volatility, while payment transactions on the XRP Ledger hit a two-month low.
Key Points
1. XRP's coin burn activity decreased by 25.96%, from 2,442 XRP to 1,808 XRP within a day.
2. XRP's price showed volatility, peaking at $3.1028 before dropping to $2.94, marking a 2.88% decline over 24 hours.
3. Payment transactions on the XRP Ledger dropped to 727,329, reaching a two-month low.
4. The reduction in burn activity and transaction volume reflects a deviation in deflationary trends and market dynamics.
Description
XRP's burn activity decreased by 25.96%, affecting deflationary dynamics. On August 5, XRP's price fell to $2.94 from $3.10. Continue Reading: XRP Faces a Sharp Drop in Burn Activity The post XRP Faces a Sharp Drop in Burn Activity appeared first on COINTURK NEWS .
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