Flare Networks CEO Hugo Philion has called on XRP holders to "do more" with their tokens, hinting at potential developments in a recent post on X. The message, accompanied by an image featuring XRP and Flare logos, has fueled speculation about upcoming announcements. Flare's FAssets system, which allows users to convert XRP to FXRP on the Flare network, has seen significant engagement since its September launch, with 50.83 million XRP locked, generating $116.48 million in FXRP value.
Philion's remarks suggest that institutional interest could rise if FXRP's valuation reaches $100 million. This comes as XRP's price fell to $2.24, marking a 6.58% drop in the past 24 hours. The initiative aims to enhance XRP's utility and attract broader adoption.
Flare CEO Encourages XRP Holders to Increase Engagement Amid Yield Initiative
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