Glassnode Data Shows Panic Selling as XRP Holders Face Heavy Losses
XRP has entered a phase of panic selling as on-chain data from analytics firm Glassnode shows the token falling below its aggregate cost basis, triggering widespread losses among holders.
Key metrics like the Spent Output Profit Ratio (SOPR) have dipped below 1.0, indicating that more holders are realizing losses rather than profits — a signal often linked with intensified sell-offs and market stress.
The sell-off mirrors patterns from previous bearish periods, with many retail investors cutting positions amid declining prices while larger wallets remain relatively inactive. As selling pressure accelerates and unrealized losses mount, sentiment has turned cautious, reflecting a shift in behavior among XRP holders and raising questions about near-term price support and broader market dynamics.
Clever Robot News Desk 10th February 2025
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