Large XRP Holders Buy SGP as SurgeXRP Presale Hits 10% Soft Cap
Large XRP holders purchased SurgeXRP’s SGP tokens as the XRP Ledger real-estate presale reached 10% of its soft cap within hours of launch.
Large XRP holders purchased SGP tokens as SurgeXRP’s presale on the XRP Ledger reached 10% of its soft cap within hours of launch. The presale opened for a 60-day period.
SurgeXRP is a marketplace built on the XRP Ledger designed to put income-generating rental properties on-chain, with an initial focus on short-term and vacation rentals. Project documents state each property will operate through a dedicated legal entity to connect conventional ownership structures with on-chain records.
The SGP utility token is in a 60-day presale where the final valuation will be determined by the total XRP contributed during the window. SGP has a fixed supply of 200 million tokens, with 50% allocated to presale participants and no additional minting planned.
Early purchases were concentrated among large XRP accounts, consistent with the project’s market-driven launch structure. After the presale, SGP is expected to list on XRPL-native decentralized exchanges including Magnetic DEX and XPMarket. The project has scheduled a beta release for the third quarter of 2026.
Project materials describe SGP functions as governance voting, ecosystem incentives, staking, and access to future platform features. The documentation cites the XRP Ledger’s low transaction costs and fast settlement as technical characteristics that support fractional ownership and frequent transfers.
The presale remains open. Participation instructions in project materials include setting up a non-custodial XRPL wallet and acquiring XRP on major exchanges before following the presale page steps. Public documentation includes technical and legal plans and specifies that the final token price will reflect demand during the presale window.
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