Tag: spark token (flr)

The team at Flare Networks had drafted 3 proposals to modify the distribution of Spark Tokens (FLR) The proposals were meant to cater to XRP holders who live in jurisdictions that tax airdrops However, the CEO of Flare Networks has scrapped all plans to modify Spark Token distribution The original plan has been retained by the team at Flare Networks Those who want...

In summary: The number of XRP whales holding 10 million or more coins saw a 10% increment in 3 weeks 31 new whales joined this category of investors bringing the total to 339 The accumulation was due to the Flare Networks snapshot The snapshot was successfully carried out earlier today with the event marked on the ledger XRP is still trading above the...

Quick take: Approximately 426.65 Million XRP was accumulated in preparation for the Flare Networks snapshot 43,146 new XRP accounts were also created in preparation for the Flare Networks snapshot A total of 94,048 XRP accounts are reportedly ready to claim Spark Tokens XRP's bullish momentum is being pulled down by a correcting...

Quick take: XRP has lost the $0.58 - $0.60 support area This is as a result of the general bearish crypto environment with Bitcoin dropping by over $1k XRP risks losing the $0.50 support area ahead of the Flare Networks snapshot If $0.50 is lost, XRP could be on a path towards $0.38 where the 50-day MA is The remittance coin of XRP...

Quick take: Coinbase has finally confirmed its participation in the Flare Networks snapshot on the 12th However, the distribution of Spark Tokens (FLR) is dependent on laws governing each jurisdiction XRP briefly pumped to $0.63 due to the Coinbase announcement before falling back below $0.60 XRP investors who hold their coins on the U.S crypto exchange of Coinbase can now breathe a sigh...

Quick take: XRP Ledger's daily new account activations hit a 2 year high of 8,068 on November 24th November 24th was also when XRP hit a local peak value of $0.80 The increased account activation is due to the Flare Networks snapshot on the 12th The number of daily new account activation has since dropped to 1,326 This is an 83.5% drop since...

Quick take: Binance.US has officially announced its support for the Flare Networks snapshot This leaves Coinbase as the only major exchange yet to confirm support for the event Huobi, OKEx and Bitfinex have also announced their support A Consortium of 12 Japanese crypto exchanges has also announced their support for the snapshot. However, the distribution of Spark Tokens will require FCA and JCVEA...

Quick take: XRP has formed a symmetrical triangle on the 6-hour chart A resolution of this triangle could result in XRP retesting the $0.72 to $0.80 level XRP could break past $0.80 if there is enough momentum However, XRP might only have till December 12th to remain in bullish territory, at least in the short-term High probability of a selling frenzy once the...

Quick take: The Flare Networks snapshot will be on December 12th, 00:00 UTC The easiest way to participate is to have your XRP in an exchange that supports the event Secondly, you can have your XRP in a wallet that supports the snapshot You can also participate by manually going through the process using an Ethereum wallet The distribution of Spark Tokens (FLR)...