glassnode
@glassnode
Digital asset data, analytics, and research.
Joined July 2018
61 Following 606.8K Followers
New addresses appearing on the XRP network have collapsed from 18k/day in Dec 2024 to 2.7k/day today, an 85% decline.
Monthly active supply tells a similar story, dropping from 7.45B XRP/day to ~2B XRP/day over the same period.
The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level.
๐
Show more
The share of XRP supply in profit has fallen to 58.5%, the lowest since Nov 2024, when price was $0.53.
Today, despite trading ~4ร higher ($2.15), 41.5% of supply (~26.5B XRP) sits in loss โ a clear sign of a top-heavy and structurally fragile market dominated by late buyers.
๐
Show more
