Record-Breaking Momentum: Non-Zero XRP Wallets Hit All-Time High, Doubled in Just Three Years, Santiment Data Reveals
Recent data from crypto analytics firm Santiment reveals a surge in the number of XRP wallets, reaching an all-time high of 5.02 million wallets holding non-zero XRP.
This marks a doubling since February 2021, showcasing significant growth in the XRP Ledger over its decade-long public trading history. The report notes XRP’s current trading value at $0.532, reflecting a slight increase in the past 24 hours. Meanwhile, Santiment observes a notable decline in Bitcoin wallets, suggesting a trend of newer traders cutting losses.
With over 487,000 wallets holding one BTC or less liquidated in the last four days, Santiment interprets this as a potential sign of capitulation, anticipating a market price bounce until smaller traders regain optimism in crypto as an investment vehicle. Bitcoin is currently trading at $42,500, reflecting a 1.59% increase in the last day.
Clever Robot News Desk 29th January 2024
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