May 7
XRP new addresses sink to 18-month low
Monthly active XRP supply also sinks to nearly 2 billion tokens a day.
➤ New addresses on the XRP network have fallen to an 18-month low, indicating a significant decline in user adoption. ➤ Despite a recent successful cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger involving major financial players, XRP's price has struggled and seen liquidations. ➤ While whale inflows to Binance are at a four-year low, suggesting whales are holding XRP, overall market sentiment and active supply metrics point to a challenging period for the cryptocurrency.
