<a href="https://www.cryptoknowmics.com/news/xrp-whales-on-a-buying-spree/">XRP whales</a> have increased significantly since the start of early November. Data analytics platform, Santiment has also <a href="https://twitter.com/santimentfeed/status/1337195085717360644" target="_blank" rel="nofollow noopener">said</a> that XRP users holding more than 10 million tokens ($5.6 million now) have hit its all-time high of 339. The new ATH represents an increase of over 10.1% increase from over the past three weeks. The latest frenzy among <a href="https://www.cryptoknowmics.com/news/ripple-price-skyrockets-as-spark-token-airdrop-pumps-xrp-value/">XRP holders</a> comes amid the upcoming Flare Network’s Spark Token Airdrop.
<h2><strong>XRP Whale Accounts Hits All-Time High</strong></h2>
The Flare Network’s Spark tokens (FLR) will be airdropped based on 1:1. Almost all the current and former employees of Ripple holding XRP cryptocurrency will participate in the token airdrop. However, <strong>Jed McCaleb</strong>, the founder of Stellar, is banned from claiming the XRP token.

Over 50 popular cryptocurrency exchanges including <a href="https://www.cryptoknowmics.com/news/coinbase-to-support-upcoming-spark-token-airdrop-to-xrp-users/">Coinbase</a>, Bitfinex and Binance will join the much anticipated token airdrop event.

Meanwhile, XRP is not the only cryptocurrency that has a large number of whale holders. Bitcoin too has joined the bandwagon recently for holding a record number of large holders. In early November, Bitcoin addresses holding over 1,000 BTC hit a new record high for the first time in four years.
<h2><strong>Much Anticipated Upcoming Spark Token Airdrop</strong></h2>
A total of 100 billion Spark tokens will exist while 45 billion will be <a href="https://www.cryptoknowmics.com/news/flare-network-to-conduct-airdrop-in-mid-december-for-xrp-holders/">claimable by existing XRP holders</a>, excluding Ripple Labs. An additional 25 billion tokens will go to Flare, and 30 billion will go to a non-profit foundation called the Flare Foundation. Meanwhile, those who self-custody their claim windows will get extended until June.

<strong>SPARK</strong> is the native cryptocurrency of the Flare Network. The latest blockchain will use <strong>Flare Consensus Mechanism</strong> to integrate Ethereum like features on the Ripple network.

Through the integration of Ethereum Virtual Machine in the Flare Network, users of XRP will be able to create and use Ethereum-based smart contracts and apps. Moreover, by creating functionality that allows for Dapps, Ripple will be able to use it to attract a whole new developer and customer base.

XRP Whales Hits All-Time High Amid Upcoming Spark Token Airdrop

XRP users holding more than 10 million tokens ($5.6 million now) have hit an all-time high of 339 amid the upcoming Flare Network’s Spark Token Airdrop.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

XRP Whales Hits All-Time High Amid Upcoming Spark Token Airdrop

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