What are some examples of reverse stock splits in the cryptocurrency industry?

1 answers

• Kieparts PapartNov 06, 2024 · 8 months ago
  In the cryptocurrency industry, reverse stock splits are not as common as in traditional stock markets. However, there have been a few notable examples. Ripple (XRP) underwent a reverse stock split in May 2021, with a ratio of 1:10. This means that for every 10 XRP tokens held, the holder received 1 token after the split. Another example is EOS, which had a reverse stock split in 2019 at a ratio of 1:1,000. These reverse stock splits are aimed at increasing the value of each token and reducing the overall supply in circulation. It's important to note that reverse stock splits are not a common occurrence in the cryptocurrency industry, but they can happen under certain circumstances.
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