The XRP Ledger blockchain is officially removing the Ripple brand from its code as part of a fresh technical update, where the main program used to launch the network has been renamed from “ripple daemon” to “xrpl daemon”.
According to the XRPL Foundation, this step is meant to finally separate the independent public network from the commercial company Ripple, since users have spent years confusing the coin itself, the open blockchain and the private business.
The complete removal of the company’s name from the code should become a strong argument for courts and regulators, such as the US SEC, that the network is fully decentralized. It could also attract new third-party developers who may be more willing to join the project knowing that it is independent.
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Notably, apart from the name change, the update also brought practical benefits, as the program now consumes 30%-40% less RAM, which should make the system run noticeably faster.
How whales quietly absorbed 74% of all XRP
Against this backdrop, XRP itself staged a powerful rally, jumping 13% in just one day and returning to the $1.28 level, where it had not traded for a couple of weeks. Analysts linked this strong revival to a positive US stock market development, as news about the surge allowed investors to breathe a sigh of relief and return en masse to risk assets.
The largest players, those commonly referred to as “whales”, used the recent drop to buy heavily. Now wallets holding at least 1 million XRP control a record 74.1% of all existing coins.
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Over the past six months alone, they have accumulated an additional 1.53 billion coins, showing strong confidence in the project’s long-term prospects, which are further supported by the expansion of Ripple’s business payment corridors and the active launch of real-world asset tokenization projects.
It seems that while the network itself is trying to erase the Ripple name from its technical documents, the real market is clearly proving that investors do not really care what the program inside the server is called, as long as there are real billions in whale accumulation and major institutional projects from that same company standing behind it as well.