A whale bought 7.23 million Fartcoins in the past 24 hours, worth $6.75 million

PANews June 20 news, Singapore crypto investment institution QCP Capital issued a statement saying that the global market remains on the sidelines, and investors are assessing the possibility of geopolitical

A large on-chain entity has converted a significant portion of BTC into ETH, bringing the exposure in Ether to approximately $3.8 billion.

Can XRP Be Mined? The Short AnswerThe simple answer is no — XRP cannot be mined. Unlike Bitcoin or Ethereum (pre-Merge), which use Proof-of-Work (PoW) or Proof-of-Stake (PoS) to validate transactions and mint new coins, XRP was fully created at its inception. Ripple Labs pre-mined 100 billion XRP tokens in 2012, and no new XRP can be created beyond that fixed supply.This design is intentional. Ripple’s goal was to create a fast, scalable, and energy-efficient digital currency for cross-border payments and enterprise use, without relying on mining networks that consume massive electricity.How XRP Is DistributedEven though XRP cannot be mined, it’s gradually released into circulation through several mechanisms:Ripple Escrow – ~55 billion XRP is held in escrow accounts, with 1 billion XRP released monthly to ensure predictable market supply.Ripple Treasury & Operations – Ripple retains a portion for partnerships, liquidity provision, and operational expenses.Sales to Investors – Ripple sells XRP to institutional and retail investors via exchanges and OTC deals.This controlled release helps avoid flooding the market, keeping the XRP ecosystem stable while supporting adoption.XRP vs. Bitcoin: Key DifferencesFeatureXRPBitcoinTotal Supply100B XRP (pre-mined)21M BTC (mined gradually)MiningNoneProof-of-WorkEnergy UseMinimalHigh energy consumptionTransaction Speed3–5 seconds10+ minutesLedgerXRP LedgerBitcoin blockchainRipple’s pre-mined model eliminates mining fees, reduces transaction costs, and enables near-instant settlements, making XRP ideal for cross-border payments.Why XRP Isn’t Mineable Matters for InvestorsPredictable Supply – No inflation from new mining, unlike Bitcoin or Ethereum.Low Energy Footprint – XRP is environmentally friendly compared to energy-intensive PoW coins.Controlled Distribution – Ripple can manage supply and liquidity via escrow releases.Investors often confuse XRP with mineable cryptocurrencies. Understanding this distinction is key for portfolio strategy, risk assessment, and evaluating long-term supply dynamics.Myths About XRP Mining“I can mine XRP on my PC” – False. XRP uses a consensus algorithm (Ripple Protocol Consensus Algorithm), not mining.“XRP can be mined like Bitcoin” – False. All 100 billion XRP were created at launch.“Holding XRP is like staking a mined coin” – False. XRP holders can stake via third-party platforms, but this doesn’t generate new XRP.The Role of XRP LedgerXRP Ledger (XRPL) uses a consensus protocol to validate transactions without mining. Validators — independent nodes around the world — agree on transaction order in seconds. This allows:Fast transactions (~3–5 seconds)Low transaction fees (< $0.01 per transfer)Secure and decentralized consensusBy eliminating mining, XRP avoids the energy drain and bottlenecks seen in PoW networks.Final ThoughtsIn short, XRP cannot be mined, and that’s by design. Ripple’s pre-mined, escrow-controlled supply ensures fast transactions, low fees, and predictable market behavior. For investors, knowing that XRP is pre-mined highlights its stability, scalability, and environmental efficiency — all reasons why Ripple focuses on enterprise adoption and cross-border payments.