Fears of Ripple burning its approximately 32 billion of XRP that is currently held in escrow have surfaced again in the crypto community. However, crypto commentator and Digital Ascension Group Chairman Jake Claver says that’s not possible as of now. He said that since the XRP Ledger is based on decentralized validator consensus, which could save the XRP in escrow from any kind of burn activities.

Can Ripple Burn Its 32 Billion XRP Held In Escrow?

Based on XRPScan data, currently a stash of around 32.45 billion XRP is locked in escrow. Meanwhile, there’s approximately 67.53 billion XRP in circulation, and the total supply of XRP on the XRP Ledger is set at 100 billion.

Almost 1.44 million XRP has been permanently burned due to…