News

Flare Airdrop: Ripple CTO Claims That You Lose Nothing If You Sell Now

Flare Airdrop News: David Schwartz, Ripple CTO seems that he is not liking the airdrop distribution and stated rules have left no incentive.
Published by
Flare Airdrop: Ripple CTO Claims That You Lose Nothing If You Sell Now

Flare Airdrop News: The much anticipated Flare network token airdrop for Ripple’s native crypto, XRP holders finally happened after major digital asset exchanges support. However, Ripple’s CTO seems that he is not liking the airdrop distribution.

Advertisement

Ripple CTO not liking Flare Airdrop

David Schwartz, Ripple CTO in a tweet highlighted that the current Flare holding rules have left no incentive. While he promoted selling off their Flare tokens now. However, he stated that holders will lose nothing if they sell now.

He added that it’s true that they won’t get the subsequent airdrops. A receiver would get 100% of their value when they decide to sell their Flare since the buyer can easily wrap that Flare and get the airdrop.

However, Ripple CTO found it a very strange decision. He stated that there is only one way, to sum this up the network didn’t want to keep its commitment and just wanted to distribute just 15% of all it was promised.

Ripple CTO stated that he feel bad as he loved this project and wished the best for but in his honest opinion that Flare has leveraged the XRP community to develop. However, the network weakened its promises when it felt like not needing to anymore.

Schwartz highlighted that they state that XRP evolved and didn’t keep some promises which were made in the early days.

Advertisement

FLR price down by 45%

Flare price have dropped by more than 45% since the airdrop. FLR is trading at an average price of $0.0436, at the press time. Its 24 hour trading volume is up by 15% to stand at $83.3 million.

Advertisement
Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon

US lawmakers have started accusing crypto exchange Binance of supporting Trump family projects like World…

October 30, 2025
  • Bitcoin News

SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?

Elon Musk’s space exploration company, SpaceX, moved another 281 Bitcoin on Thursday, according to blockchain…

October 30, 2025
  • News

Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’

The crypto market turned sharply lower on Tuesday after Federal Reserve Chair Jerome Powell said…

October 30, 2025
  • News

FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year

The U.S. Federal Reserve has announced it has lowered the interest rate by another 25…

October 29, 2025
  • News

WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial

World Liberty Financial (WLFI) has appointed Mack McCain as its new General Counsel. This marks…

October 29, 2025
  • News

Changpeng Zhao “CZ” Warns Investors “Don’t Buy” Golden Statue Meme Coin After 27,000% Surge

Binance founder Changpeng Zhao (CZ) has publicly distanced himself from a newly launched token inspired…

October 29, 2025