XRP Giveaway by Gemini Hints at Major Announcement

XRP is once again making headlines as Gemini, a leading U.S. cryptocurrency exchange, recently launched an attention-grabbing giveaway campaign involving the digital token. The promotion, which awarded one lucky winner a stash of XRP valued at $1,000, coincides with broader excitement in the XRP community following significant legal developments and renewed price action.

Through its official X (formerly Twitter) account, Gemini revealed the giveaway of 305 XRP tokens—valued at $1,000 at the time—to a randomly selected participant. The campaign was touted as a way to commemorate what Gemini described as the “future of finance,” encouraging community members to like the post and follow their official account to enter.

This celebration arrived amid a surge in XRP’s market value, with the token rebounding to $3.36 after briefly falling to around $2.90 earlier that week. The upward momentum was largely attributed to the game-changing legal closure of the long-standing lawsuit involving Ripple and the U.S. Securities and Exchange Commission (SEC).

Ripple and the SEC recently filed to drop their respective appeals, officially putting an end to the contentious legal battle. The dismissal of the lawsuit brought long-awaited clarity to XRP’s regulatory status, triggering a celebratory mood among investors and creating the perfect backdrop for Gemini’s crypto giveaway.

Participants in the giveaway required only a Gemini account to qualify if selected as the winner. Gemini revealed that the winner was chosen by August 8 and announced via a post, fulfilling its commitment to the community. But the exchange didn’t stop there—in that same update, Gemini dropped a tease, mentioning that something “BIG” is on the horizon and will be unveiled within the coming weeks.

You can see the continuing engagement from Gemini in their follow-up post, where they hinted at even more developments and urged followers to stay tuned. This tactic not only keeps the community engaged but also aligns well with the platform’s ongoing strategy to bolster XRP’s presence in the U.S. market.

Since listing XRP in August 2023, Gemini has been actively involved in initiatives aimed at incentivizing the use and adoption of the token. One notable campaign was introduced through the Gemini Credit Card, where cardholders could receive 2% cashback in XRP on purchases related to groceries and various online shopping categories.

Another significant effort was the limited-time “XRP Faucet” campaign. Through this program, up to 4,000 XRP were distributed daily, offering verified users an opportunity to claim 20 XRP each. Although that campaign has since concluded, it helped spark considerable interest and reward loyal users.

Gemini isn’t the only player in the market leveraging XRP promotions to engage users. Uphold, another recognized U.S. exchange, has also launched initiatives involving XRP. For instance, in June 2025, the platform collaborated with Zebec Network to distribute $100,000 worth of ZBCN tokens to Uphold users holding $50,000 or more in XRP at a set snapshot date. This partnership emphasized the growing trend of rewarding substantial XRP holders as a way to enhance user engagement.

Uphold has also run consistent monthly promotional campaigns through its Sweepstakes campaign between late 2023 and early 2024, offering up to 50,000 XRP as prizes. These recurring efforts show the token’s strategic value to exchanges looking to attract and retain digital asset investors.

Related: XRP Price: $12M Max Pain for Bears

As excitement builds around XRP’s legal clarity and increased institutional attention, platforms like Gemini and Uphold are capitalizing on the renewed interest in the asset. Whether through giveaways, rewards programs, or upcoming big announcements, the momentum around XRP seems poised to grow even stronger in the months ahead.