Japanese IT giant GMO Internet Group, through its cryptocurrency exchange GMO Coin, will be conducting a special airdrop of Songbird (SGB) tokens to XRP holders. The airdrop is scheduled to be completed by September 29, 2023.
Eligible customers are those who have held XRP in GMO Coin accounts after December 12, 2020, including those using crypto asset lending services. To participate, customers need to provide a snapshot of their XRP holdings. The distribution will be converted into Japanese yen and obtained from customers by the end of the month.
XRP holders have experienced a volatile period recently, including a significant price increase in mid-July due to a favorable legal ruling against the United States Securities and Exchange Commission (SEC). Despite fluctuations, the current price of XRP is around $0.51, higher than the beginning of the year. Analysts have expressed optimism about XRP’s future, especially if Ripple secures a decisive court victory against the SEC.
Source: CryptoPotato
