{"content":"🪷..Ripple: 14 million XRP Tokens destroyed, price hit $2.3 per token..🪷 About 14 million XRP tokens were permanently destroyed by the XRP Ledger, igniting new debates among the XRP Community. This continuous burn has eliminated over $33 million worth of tokens due to protocol-level transaction fees at $2.3 per XRP. Cobb (@Cobb_XRPL), a well-known voice in the XRP ecosystem, claimed the network destroys between 3,000 and 4,000 XRP daily. Members of the XRP community have responded by calling this burn mechanism a “quiet march toward scarcity,” highlighting its importance in the long run. This consistent reduction in supply is regarded by many analysts as a strategic advantage rather than a coincidence. As daily burn rates continue, the idea that XRP is “burning itself into scarcity” is gaining traction, particularly in a market where many tokens are subject to inflationary pressure. The deflationary effects of these burns are starting to become apparent as long as XRP is utilized for actual transactions, especially cross-border payments. The more the network is used, the more XRP is permanently lost. This could eventually drive up prices if demand exceeds the declining supply Few other digital assets can match the steady decline in XRP’s overall supply. A minimum reserve requirement on the XRP Ledger prevents spam and ensures network integrity. However, the continuous token burning that occurs automatically with each transaction remains unaffected by this protection. $XRP {spot}(XRPUSDT) #Xrp🔥🔥 ","images":[],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}