Flare Networks CEO Hugo Philion has fueled pleasure throughout the XRP neighborhood following his newest cryptic publish on X.
In a latest X publish, Flare CEO Hugo Philion urged his followers to “do extra” with their XRP tokens. He shared the message whereas quoting a picture of a New York Metropolis taxi that includes illuminated XRP and Flare logos on its rooftop show.
The publish garnered important consideration from the XRP neighborhood. Some recommend {that a} main announcement might be underway, given the cryptic nature of the message. Nonetheless, others consider the publish is a part of a broader advertising and marketing technique by the Flare crew to advertise its yield-bearing alternatives for XRP holders.
Because the launch of FAssets in September, customers have locked a complete of fifty.83 million XRP in Flare’s vaults, minting 51.52 million FXRP in return. These 51.52 million FXRP tokens are presently price $116.48 million.
FXRP
The success of the FAssets mission has been fully fueled by retail traders, with Philion suggesting that establishments will be part of the bandwagon after FXRP’s circulating provide reaches a $100 million valuation.
Do Extra With Your XRP
As anticipation for larger institutional adoption grows, Philion has inspired XRP holders to “do extra” with their belongings — a probable reference to bridging XRP to Flare to entry yield-bearing alternatives.
His feedback comply with a market downturn that noticed XRP dip to $2.24, marking a 6.58% decline over the previous 24 hours. The token was buying and selling round $2.26 at press time.
Whereas many traders proceed to carry their XRP in anticipation of a possible worth surge, Philion seems to be urging them to hitch the Flare ecosystem, the place they’ll bridge their tokens and take part in DeFi-based incomes alternatives amid the broader market dip.
