Ripple CTO Explains How XRPL Meme Coins Mirror XRP Price Movements

Quick Summary:

Ripple CTO David Schwartz recently shared insights on how many meme coins on the XRP Ledger are directly impacted by XRP’s price fluctuations.

Schwartz stated that the majority of these meme coins rely on automated market maker (AMM) liquidity pools.

The fixed exchange rate maintained by the AMM ensures that any external change in XRP’s value is immediately reflected in the valuation of these associated assets.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Investing News Ripple Editors News Xrp

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 06:04:52 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 26659829

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Main Topics: Crypto

Official Website: thenewscrypto.com

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