XRP's on-chain burn activity experienced a significant decline, dropping by 71.26% from 616 XRP to 178 XRP within 24 hours, according to XRPScan data. This decrease coincided with a 5.26% price surge, pushing XRP to an intraday high of $2.37. The reduction in burn rate contrasts with the overall crypto market's recovery, prompting discussions about its implications for network usage and transaction volume.
XRP Burn Rate Plummets 71% as Price Climbs 5.26%
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