Wrapped XRP Goes Live on Solana Blockchain, Pushing XRP Price to $1.5
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wXRP (wrapped XRP) launched on Solana via Hex Trust, enabling cross-chain crypto/DeFi use and market-making; 834,000+ XRP (~$1.2M) already wrapped. Move increased XRP demand and token liquidity, pushing price to about $1.50 and accelerating adoption on Solana DEX/DeFi ecosystems.
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- Wrapped XRP (wXRP) launches on Solana, expanding DeFi use and cross-chain utility.
- Over 834,000 XRP tokens have already been wrapped on the Solana blockchain.
- The latest development increased XRP demand, boosting the price to around $1.50.
XRP, the Ripple-linked cryptocurrency, is now accessible on the Solana blockchain via a wrapped version of the token, wXRP, issued by Hex Trust. The XRP’s utility has now gone beyond the XRP Ledger, spreading the cryptocurrency’s use in market making and decentralized finance (DeFi) across Solana’s ecosystem.
834,000 XRP Already Wrapped on Solana
According to Solana’s latest post on X concerning the initiative, more than 834,000 XRP, equivalent to $1.2 million, has already been wrapped and activated on the Solana blockchain. Authorized crypto users wishing to explore wXRP can do so by sending native XRP tokens to Hex T…
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