Are there any examples of cryptocurrencies experiencing the opposite of a stock split?

3 answers

• Apr 30, 2022 · 3 years ago
  Certainly! One example of a cryptocurrency that has experienced a reverse stock split-like event is Ripple (XRP). In December 2020, Ripple announced a 1-for-10 reverse stock split, which means that for every 10 XRP tokens held, the holder would receive 1 consolidated XRP token. This was done to reduce the total supply of XRP tokens in circulation and potentially increase the token's value.
  392

  196
• Apr 30, 2022 · 3 years ago
  Yes, there have been instances of cryptocurrencies going through a reverse stock split-like event. For instance, Ethereum Classic (ETC) underwent a 1-for-10 reverse stock split in December 2020. This consolidation of tokens aimed to decrease the overall supply of ETC and potentially boost its price.
  300

  100
• Apr 30, 2022 · 3 years ago
  Indeed, there are cryptocurrencies that have undergone a reverse stock split-like event. One such example is BYDFi (BYD), which implemented a 1-for-100 reverse stock split in November 2020. This decision was made to reduce the token supply and create a more manageable and valuable asset for investors.
  302

  76