Recent rumors about Ripple planning to burn 10% of its total XRP supply have sparked widespread discussion across crypto communities.
These claims stem from misunderstandings around token burn mechanisms and misattributed announcements related to other projects on the XRP Ledger.
According to COINOTAG, XRP’s burn process is an automatic, fee-based system embedded in the network, making large-scale burns like the rumored 10% supply reduction highly unlikely.
Ripple’s XRP token burn rumors debunked: automatic fee burns continue, but no large-scale 10% supply burn is planned, clarifying XRP’s true supply dynamics.
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The circulating supply of Ripple’s XRP currently stands at approximately 100 billion tokens, with a cumulative burn of just under 14 million XRP since inception. This burn occurs through a built-in mechanism where every transaction on the XRP Ledger incurs a small, irreversible fee that is permanently removed from circulation. Unlike other cryptocurrencies that conduct scheduled or strategic token burns to influence supply and price, XRP’s burn is a continuous, automatic process designed primarily to prevent network spam and maintain ledger integrity.
The recent speculation about a 10% burn of XRP’s total supply appears to have originated from a misinterpretation of announcements related to the REALFI token, which operates on the XRP Ledger. A post by RealFi mentioned a planned burn of 10% of its own token supply, which was mistakenly conflated with XRP’s supply by some social media users. Given that burning 10 billion XRP tokens would be unprecedented and vastly exceed the total XRP burned historically, such an event would require explicit confirmation from Ripple Labs, which has not been issued.
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Source: https://en.coinotag.com/ripples-xrp-token-burn-rumors-suggest-possible-supply-reduction-experts-urge-caution/