{"id":33284,"date":"2020-12-13T11:25:25","date_gmt":"2020-12-13T09:25:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33284"},"modified":"2025-08-28T13:04:10","modified_gmt":"2025-08-28T10:04:10","slug":"xrp-price-falls-to-a-two-week-low-amid-upcoming-flare-network-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/xrp-price-falls-to-a-two-week-low-amid-upcoming-flare-network-airdrop\/","title":{"rendered":"XRP price falls to a two-week low amid upcoming Flare Network airdrop"},"content":{"rendered":"<p>The price of Ripple&#8217;s third-largest digital asset XRP fell in the early hours of Sunday, December 13, below $0.50, hitting a fresh low since late November. The decline came ahead of the Flare Network airdrop, during which XRP holders will receive free Spark (FLR).<!--more--><\/p>\n<p>The XRP network snapshot was taken at 00:00 UTC on Saturday, December 12. At that time, 23.5 billion XRP were in circulation, 70% of which were held on exchanges.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Spark <a href=\\\"https:\/\/twitter.com\/search?q=%24FLR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$FLR<\/a> claim stats<\/p>\n<p>\ud83d\udd39XRP Ledger Snapshot: 60155580<br \/>\n\ud83d\udd39110,259 accounts<br \/>\n\ud83d\udd3923.5 Billion XRP<\/p>\n<p>\u2014 Self-custody: 7.1B XRP (30%)<br \/>\n\u2014 Exchanges: 16.3B XRP (70%)<a href=\\\"https:\/\/twitter.com\/hashtag\/XRPCommunity?src=hash&#038;ref_src=twsrc%5Etfw\\\">#XRPCommunity<\/a> <a href=\\\"https:\/\/twitter.com\/FlareNetworks?ref_src=twsrc%5Etfw\\\">@FlareNetworks<\/a> <a href=\\\"https:\/\/twitter.com\/ronaldonline777?ref_src=twsrc%5Etfw\\\">@ronaldonline777<\/a> <a href=\\\"https:\/\/t.co\/Z4MGDu7TFB\\\">pic.twitter.com\/Z4MGDu7TFB<\/a><\/p>\n<p>\u2014 XRP_Cro (@stedas) <a href=\\\"https:\/\/twitter.com\/stedas\/status\/1337695103310245888?ref_src=twsrc%5Etfw\\\">December 12, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Among those supporting the airdrop are Coinbase, Kraken and Binance. The Spark token distribution will commence with the project network launch.<\/p>\n<p>The excitement surrounding the Flare Network airdrop led to a sharp rise in XRP&#8217;s price in November, when the token briefly climbed above $0.90.<\/p>\n<p>In the 24 hours before the snapshot, the number of XRP addresses with balances above 10 million tokens reached an all-time high of 339 wallets. In total, at least $1.8 billion was held on these addresses at the then prevailing price.<\/p>\n<p>However, immediately after the snapshot, XRP&#8217;s price moved sharply lower. If all ten largest assets by market capitalisation rose in the past 24 hours, XRP at one point lost 8% of its value. As of this publication, the token was trading at around $0.51.<\/p>\n<div id=\\\"attachment_119377\\\" style=\\\"width: 1445px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-119377\\\" class=\\\"size-full wp-image-119377\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/xrp-2020-12-13.png\\\" alt=\\\"XRP price falls to a two-week low amid upcoming Flare Network airdrop\\\" width=\\\"1435\\\" height=\\\"869\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/xrp-2020-12-13.png 1435w, https:\/\/forklog.com\/wp-content\/uploads\/xrp-2020-12-13-300x182.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/xrp-2020-12-13-1024x620.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/xrp-2020-12-13-768x465.png 768w\\\" sizes=\\\"auto, (max-width: 1435px) 100vw, 1435px\\\" \/><\/p>\n<p id=\\\"caption-attachment-119377\\\" class=\\\"wp-caption-text\\\">Hourly XRP\/USD chart for the Bitfinex exchange from TradingView.<\/p>\n<\/div>\n<p>Flare Network is developing solutions to bring decentralized finance (DeFi) to the XRP ecosystem by adding smart-contract support. The Spark governance token will be used as collateral in asset buybacks.<\/p>\n<p>In late 2019, Xpring, Ripple&#8217;s investment arm, supported the development of Flare Network.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Ripple&#8217;s third-largest digital asset XRP fell in the early hours of Sunday, December 13, below $0.50, hitting a low not seen since late November. The decline occurred ahead of the Flare Network airdrop, during which XRP holders will receive free Spark (FLR).<\/p>\n","protected":false},"author":1,"featured_media":33285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1158,2061,112],"class_list":["post-33284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-airdrops","tag-flare-network","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33284"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33284\/revisions"}],"predecessor-version":[{"id":33286,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33284\/revisions\/33286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33285"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}