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XRP Ledger removes Ripple name in update as whales hold 74% of XRP supply

Protocol Fundamentals
16 Jun 2026
UToday
View Source
Bullish
pluang ai news

The XRP Ledger has officially removed the Ripple brand from its core code, renaming the main program from "ripple daemon" to "xrpl daemon" to emphasize its independence from the Ripple company. This change aims to clarify the network's decentralized nature for regulators and courts, potentially attracting more developers. Meanwhile, XRP price surged 13% amid positive geopolitical news, with large holders (whales) accumulating a record 74.1% of all XRP, showing strong confidence in the project's long-term prospects despite the name change.

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