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Majority of XRP’s Network Validators are Ready to Favor AMM- Data

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Majority of XRP’s Network Validators are Ready to Favor AMM- Data
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As per available information, more network validators of XRP are planning to vote in favor of implementing an automated market maker (AMM). 

Panos Mekras, the cofounder of Anodos Finance, drew attention to his recent ‘X’ post, which calls for attention to the release of Rippled version 2.0.1, XRPL’s server software. 

He accompanied the new version release and has also expressed confidence that the arrival of the proposed AMM amendment on the XRP Ledger is now closer to reach than earlier before. 

Wietse Wind, the architect of XRPL Labs, disclosed the plan to integrate the new software version into XRPL Labs validators and several nodes. He added that if the installation and implementation carry on without fail, he intends to vote “yes” to the amendment in the forthcoming two weeks.    

Related News

Chris Larsen, the Executive Chairman of Ripple, wrote in his ‘X’ on January 31, 2024, that “there was unauthorized access to a few of his personal XRP accounts, not the accounts of Ripple.” 

He further wrote, “We quickly caught the problem and notified exchanges to freeze the affected addresses. Law enforcement is already involved.” 

ZachXBT, a Blockchain sleuth, posted on ‘X’ on Wednesday that the Ripple network has been hacked for over 213 Million XRP. However, the data of CoinMarketCap shows that soon after the information, XRP price slipped more than 5%; as of writing, it was trading at $0.4945. 

Crypto Market Price Updates 

In the past 24 hours, the market capitalization of the entire crypto market slipped 1.35% and was $1.62 Trillion as of writing. XRP and FTT are among the leading losers of the intraday time frame. 

FTT slipped significantly in the past 24 hours and lost 25.98% of its price. Market analysts predict that the decline is fully backed by the statement that the bankrupt crypto exchange will not be rebooted. 

The pioneer of the crypto market, Bitcoin, was trading at $42,175, and in the past 24 hours, it faced a rejection of 1.44%, but it is still trading at a profit of 5.38% in terms of weekly trading sessions. 

Before its demise, the firm was among the leading centralized cryptocurrency exchanges in the market, but suddenly, the situation got just the opposite, and it filed for bankruptcy. The event is still among the most destructive events in the crypto market. 

Disclaimer

The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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