Trader's XRP Acquisition at Discounted Rates Amidst Ripple CTO's XRPL AMM Insights

Monday, 25 March 2024, 06:52
A trader makes a noteworthy purchase of 1 XRP at a discounted price of $0.0428 amidst market fluctuations caused by a single-sided deposit on the XRPL Automated Market Maker (AMM). Ripple CTO provides comments shedding light on the impact on XRP due to the AMM activity.
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Trader's XRP Acquisition at Discounted Rates Amidst Ripple CTO's XRPL AMM Insights

Trader's XRP Acquisition:

A trader swapped $80 for 1,869 XRP, effectively purchasing 1 XRP for a discounted rate of $0.0428.

Ripple CTO Comments:

Ripple CTO discusses the influence of a single-sided deposit on the XRPL AMM, affecting the XRP market dynamics.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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