XRP Burn: Is This a Big Deal? 🙄

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Okay, so people are talking about XRP. Again. Apparently, it has… a lot of coins. Like, a really lot. And everyone’s always kvetching, “How can this possibly go up to, you know, a decent price with so many of them floating around?” It’s always something. But now they’re noticing it’s, like, vanishing. Slowly. Very slowly. 🐢

Some guy on X – X, honestly, what even is that place? – says over 2 million XRP have just… disappeared. Poof. Gone. Apparently, it’s a “burn mechanism.” Like they’re having a bonfire with digital money. Ridiculous. And they’re all making a fuss about what it means and if it’s supposed to make it worth more. Like anyone really knows. 🤷

XRP Burns: Millions Are Gone Forever

So, it doesn’t just spontaneously combust, apparently. It’s burned with every transaction. A tiny little bit. Like, a crumb. But those crumbs add up, allegedly. This fee doesn’t go to anyone! Can you believe it? Just… gone. It’s like throwing money in the trash, but…digital. It’s efficient, I guess? I don’t know.

According to this 24HRSCRYPTO person – and I’m not even sure what that is, some sort of crypto oracle? – a while back, they had 99,988,313,728 XRP. Now it’s 99,985,726,061. Okay, that’s… a difference. Almost 2.6 million. Which means, like, 3,200 a day are getting the digital incinerator treatment. It’s hardly noticeable when you’re talking about nearly 100 billion coins! It’s like getting rid of a single dust bunny in the Sahara Desert. But fine, they’re proud of it.

They say it shows “consistent on-ledger usage.” Consistent! Like that’s a surprise. People are using a cryptocurrency! Stop the presses! 🙄 Honestly, who is cheering for a few daily burns when there are almost 100 billion tokens out there? It feels…optimistic, to say the least.

Pre-Mined, How Institutions Fit Into The Design

And get this: they made all 100 billion at the beginning. The whole thing! Just…created it. Pre-mined. It’s like they just decided how much money would exist and then…did. And they’re saying this is good because the supply is fixed. Unlike Ethereum and Dogecoin, which just keep making more?! What a mess. I’m telling you, it’s a mess.

Ripple, whoever they are, wants it to be all about payments and “financial infrastructure.” Not “decentralized freedom” or whatever the other ones are about. Payments? Seriously? 🤔 It’s…institutional. It’s designed for banks. Surprisingly boring. And naturally, these banks like knowing exactly how much there is. They’re control freaks, those bankers. It doesn’t surprise me one bit.

And now this 24HRSCRYPTO person – still don’t trust that name – is saying $100 XRP is “inevitable.” Inevitable! Based on what? That a few coins are slowly evaporating? It’s a functional requirement? Give me a break. They want things to be expensive. Of course, they do. It’s always about the money. It’s just so… predictable. 😩

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2026-01-17 07:29