XRPH Health Project on XRPL Platform Ends Service After 80% Token Drop

XRP Ledger (XRPL) based blockchain and healthcare project XRPHealthcare (XRPH) has officially announced the end of operations via its official X account. The project explained, 'After enduring three years of a bear market while continuing ecosystem investments and progressing through exchange listing procedures with significant costs incurred, we failed to achieve results. Additionally, the XRPH hacking incident that occurred on March 3 further intensified financial and operational pressures. As a result of the business termination, we are currently coordinating with exchanges regarding the delisting schedule for our tokens XRPH and XRPHAI.' On March 3, a security breach affected 4,011 XRPH wallet users, resulting in approximately $452,000 worth of XRPH being stolen. Following the announcement of XRPHealthcare's operational shutdown, its native token XRPH dropped by about 80%, and as of CoinMarketCap, it is now trading at $0.0006097.