#RippleXRP RIPPLE JUST BURNED OVER 13.9 MILLION $XRP XRP TOKENS.

$BTC Ripple Labs confirmed that 13.9 million XRP tokens were burned from company reserves in a strategic supply cut. The value of the burn exceeded $7.5 million at the time of the transaction.

$ETH This move follows investor pressure for greater supply discipline. Ripple says it plans to implement quarterly burns going forward.

The tokens were destroyed using a verifiable on-chain transaction.