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XAO DAO approves deploying 80% of its XRP treasury to Firelight, marking a major governance move.

Protocol Fundamentals
23 Oct 2026
Tokenpost
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Bullish
XAO DAO approves deploying 80% of its XRP treasury to Firelight, marking a major governance move.

XAO DAO has approved Proposal 66, which authorizes the planned deployment of 80% of its XRP treasury to Firelight. This governance decision sets Firelight as the primary recipient of the DAO's XRP reserve, although the actual transfer has not yet occurred. The approval highlights Firelight's central role in the DAO's treasury strategy and follows other recent governance activities, including the launch of a new community forum. This move signals a significant allocation of resources within XAO DAO's digital asset management.

XRP is trading at Rp23.496 on Pluang as of Oct 24, 2026 03:03 WIB, showing a slight 0.02% decrease in the past day. The market cap stands at Rp1.495,95 trillion with a 24-hour trading volume of Rp28,34 trillion. On Pluang, 77% of order activity is selling XRP, while 23% is buying, with a typical hold time of 72 days. This trading activity provides context to XAO DAO's decision to allocate 80% of its XRP treasury to Firelight.

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