What is XRP and spark (FLR) airdrop?

With that in mind, here are 14 things to know about XRP and the Spark (FLR) airdrop… An airdrop is a way to distribute tokens as rewards or gifts. Specifically, crypto projects have been known to use these airdrops as a way to market themselves or attract new users.

What is the spark Token airdrop?

The Spark Token Airdrop is a major event in that it is a new utility token that will offer the opportunity to grow out of the DeFi space. It is also a major event for XRP as the fork will come off the Ripple blockchain and have a role to play there.

Is flare network's airdrop weighing on XRP?

As part of this, Flare Network has a native token, Spark (FLR). Over the weekend, any holders of XRP tokens received free Spark tokens. And after driving XRP prices up, it appears that the airdrop is now weighing on the crypto.

Who is eligible for the XRP airdrop?

This means anyone holding XRP tokens will be eligible for the airdrop. Over the last month, there has been a big surge in XRP’s price—rising from $0.30 to a peak of $0.73 in just a few days. The surge was likely led by investors buying XRP, hoping to be included in tomorrow’s airdrop.