Ripple before Spark Token Airdrop

Ripple before Spark Token Airdrop: More and more XRP Whales

Ripple Course (XRP Course) is a crypto currency. The XRP coin has risen in price and the Ripple rate has increased. The picture shows a chart analysis with XRP Coin.

Today, Saturday the 12.12.2020, the snapshot for the Spark Token Airdrop is coming up. The interest after the Ripple Airdrop is obviously high. Current figures of the analysis company Santiment show that the number by Crypto Cash of XRP whales has increased significantly, especially in the last few weeks. The demand for the crypto currency increased in view of the upcoming Airdrop.

In this article we take a closer look at the figures for the Ripple Airdrop.

Ripple (XRP) Whales: number increasing

The basis of our article is a current tweet from 11.12.2020.

The data analysis company Santiment has published a graph which shows that the number of XRP whales has increased significantly in the past weeks:

The number of XRP accounts with a balance of more than 10 million XRP has even reached a new all-time high of 339 addresses in total.

­čÉ│ Leading up to tomorrow’s $SPARK airdrop, #Ripple’s addresses have grown rapidly. Especially, addresses with 10M or more tokens (currently $5.67M or more) have risen to an ATH # of 339. This looks promising for the tier that has the most $XRP at stake.

– Santiment (@santimentfeed) December 11, 2020

As the graph shows, we have seen a sharp increase in the number of Ripple Whales since November. The trigger for the high demand is obviously the upcoming airdrop of the Spark Token of Flare Networks.

The allocation of the new tokens will be based on previous ownership. To put it differently: Those who think highly of the previous cake will be particularly pleased with the new Spark Token.

Airdrop as a long awaited event

Now it must be said that especially the Ripple (XRP) owners were happy to see a rise in the XRP price during the last weeks.

Considering the fact that more than 50 crypto exchanges now support the Airdrop, we can assume that there will be a large number of participants. In addition, the distribution policy provides for the issuance of the Spark (FLR) token in a ratio of 1:1 to XRP ownership.

The truth is that all Ripple employees are allowed to participate in the event. So especially the management team, which already holds many XRP, will be happy about the Airdrop. The only exception is Jed McCaleb, who was excluded from the Spark Token Airdrop.