Coinbase also supports XRP airdrop.
It is known that XRP, the third largest cryptocurrency by total market cap, is not particularly liked by Coinbase. The main reason for this is the lawsuit against Ripple and XRP . In the lawsuit filed by XRP investors , XRP was declared a security and the process is still ongoing.
Coinbase has created a massive increase in price by listing XRP in the past years after long disagreement. After this olive branch, XRP investors seem to have smoothed ties with Coinbase as well. However, the fact that there has been no improvement in the last week that Coinbase will support the large XRP airdrop has started to anger investors again.
With the wait of XRP investors coming to an end, the announcement expected by the Coinbase cryptocurrency exchange today came. Coinbase also announced that it will support the large Spark airdrop and will be footage of XRP wallets on December 12. With this news, the price of XRP is expected to rise significantly, while Bitcoin's price movements likely prevented this situation.
XRP Alert for Some States
In the statement made by Coinbase, it was stated that XRP airdrop will be supported, but it was emphasized that this may not be valid for some states. It is currently unknown in which US states Coinbase will not support airdrops for investors. The main reason for this is the ongoing XRP lawsuit in the USA and the fact that some states have different securities laws.
However, it's great news that Coinbase will support the FLR token airdrop for XRP investors. In recent days, millions of dollars worth of XRP have been sent to the Coinbase crypto exchange, and the reason behind these transfers may be airdrops. Investors will be given FLR, or Spark tokens, at a ratio of 1: 1, according to their funds in the exchange.
The Number Of XRP Investors Is Increasing
Although the reason for the heavy XRP transfers is thought to be purely sales, the news that Coinbase will support the XRP airdrop at the moment actually shows that some people may have already received the news. The XRP airdrop actually led to a significant increase in the number of XRP investors. The number of wallets on the XRP network has recently risen to over 60 million, and it looks like it will continue to grow until the airdrop is carried out. Time will tell how this will affect the price.
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