Ripple Chief Technology Officer David Schwartz commented on speculation about burning XRP escrow assets to boost its price, using the 2019 XLM burn event as an analogy. In November 2019, the Stellar Development Foundation burned 55 billion XLM, representing over 50% of its total supply, yet XLM's price remained aligned with XRP's long-term trend, experiencing only a brief 14% increase. Schwartz pointed out that even burning the 33.6 billion XRP in escrow (approximately one-third of the 100 billion total supply) would likely have similarly negligible impact, highlighting the limitations of such supply reduction measures.

XRP-0.57%
XLM0.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin