Maker

Ripple Labs’ XRP Ledger, a public blockchain, is set to get new amendments in the next two weeks as the validators community is forming a consensus over options. However, its native crypto is still struggling to register some gain this year. <a href="https://news.todayq.com/ripple-xrp-ledger-hits-5-mln-wallets-amid-sec-legal-battle/" target="_blank" rel="noopener noreferrer nofollow">XRP price</a> is down by more than 18% in the last 30 days. XRP ledger to get new update 
An XRPL dUNL Validator revealed that the Automated Market Maker (AMM) amendment for the XRP Ledger has garnered 25 Yes votes. He added only four more Yes votes are required to trigger the activation period for this major upgrade. The current Rippled version 2.0.1 is identified as the version that will activate the AMM on the XRPL, provided all goes smoothly and remains stable.
According to recent updates, With 30 Yes votes and 5 Nays reported, the XRP Ledger AMM amendment has achieved an 85.7% consensus. The community now eagerly awaits the completion of the required voting time. Voters have still more than 13 days. The AMM activation is anticipated around February 14th, pending successful voting completion.
The validator mentioned that XRPL Labs, the developers behind the XRPL, are expected to wait approximately another week before finalizing the activation. However, any potential issues discovered during this period could influence the voting outcome.
XRPL dUNL Validator highlighted the importance of community preparation for upcoming amendments. It will encourage education on the AMM and its safe usage. It is reported that Xspectar and Daniel_wwf, are the main player with their contributions to the positive voting outcome. Crypto whales on the move 
Amid the crucial voting, Whale alert caught crypto whales moving heavy amounts of XRP over exchanges. As per the data, whales moved 223 million (approx worth $115 million) in multiple transactions. However, the single biggest transaction recorded by the tracker is of moving 100 million XRP tokens (approx worth $51 million) to the crypto exchange Binance.
Another whale dumped their XRP holding of 56 million tokens (approx worth $29 million) over the crypto exchange Bitstamp.&nbsp;
The recent whale movement reflected on XRP as its price dropped by over 5% in the last 24 hours. XRP is trading at an average price of $0.504, at the press time. Its 24 hour trading volume is up by 86% to stand at $1.76 billion.
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XRP Ledger’s AMM upgrade closes in, Whales move 155M XRP

Todayq News

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