U.Today – Top Crypto Events

Big mistake: XRP Ledger user accidentally burns 10,000 tokens

On Oct. 18, a transaction on the XRP Ledger accidentally burned 10,000 Drop tokens, prompting speculation on whether it was intentional. Thomas Silkjaer, the Head of Analytics and Compliance at InFTF, indicated it might have been a deliberate decision by the issuer, further complicating the issue. Drop is a meme coin that equals 0.000001 XRP. First Ledger's post hinted that it might burn tokens in the future to create scarcity, which could affect the meme coin market and lead to increased wallet activity on the XRP Ledger.

Elon Musk’s reaction triggered by Bitcoin El Salvador president: Details

El Salvador's president Nayib Bukele shared positive statistics about the country's progress, including improvements in crime rates and tourism, paired with a note on Bitcoin's performance. This drew a response from Elon Musk, who praised the country’s accomplishments as “super impressive.” Meanwhile, Bitcoin's price has recently surpassed $71,000, currently trading at $72,128, reflecting a 0.69% increase over the previous 24 hours, according to CoinMarketCap.

SHIB leaves AVAX behind, is ADA next?

Following Bitcoin's rise, altcoins also gained value, especially Shiba Inu (SHIB), which saw an 11% price increase, pushing its market cap to $11.02 billion. As a result, SHIB overtook Avalanche (AVAX) in market capitalization, now holding the 12th spot on CoinMarketCap. Shiba Inu's marketing lead, Lucie, jokingly queried her followers about surpassing Cardano (ADA), which currently holds the 11th position.

This article was originally published on U.Today