70% of XRP’s Realized Cap: New Money, New Problems đŸ€‘

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On-chain data, with all the solemnity of a church bell, has tolled the news that over 70% of all capital stored in XRP has arrived in the network with the high prices of the last six months. One might say, it’s a case of the latecomers to the party, clutching their wallets and hoping for the best. 🎉

In a post on X, the ever-earnest Glassnode senior researcher, CryptoVizArt.₿, has delved into the capital inflow situation related to XRP. The indicator of relevance here is the “Realized Cap,” a model that, in short, keeps track of the sum of the cost bases of all addresses on the network. In layman’s terms, it’s a way to estimate the total amount of capital that holders as a whole have invested in the cryptocurrency. Below is the chart shared by the analyst, a visual feast for the data aficionado.

As is visible in the graph, the XRP Realized Cap (black curve) has witnessed an explosion alongside the recent bullish push in the asset’s price. This would imply that a large amount of new capital has come into the cryptocurrency. In the same chart, the Glassnode researcher has also attached the data related to the Realized Cap associated with the different coin groups younger than six months.

The aggregated Realized Cap has seen its growth during the past six months, so it’s not surprising to see that the capital held by cohorts falling in this age range has seen its share of the indicator blow up. This massive capital wouldn’t be in any significant profit, however, considering the price levels at which it has flowed in. After all, the window of the past six months is mostly just the cryptocurrency’s top and the subsequent phase of stagnation that’s still ongoing today. “Over 70% of the capital locked in XRP was deployed near the top over the past 6 months,” notes the analyst, with a hint of wry amusement. đŸ€·â€â™‚ïž

Naturally, this could put the digital asset in a delicate situation, as it wouldn’t take much of a drawdown to throw all these investors into the red. It now remains to be seen how the coin would develop in the near future and whether capital would continue to flow in, despite the fact that its price has been unable to revisit the highs from January. One might say, it’s a game of patience and perhaps a touch of masochism. 😅

In some other news, the XRP network has seen a sharp decline in the Number of Active Addresses since the March peak, as CryptoVizArt.₿ has pointed out in another X post. The Number of Active Addresses is an indicator that measures, as its name suggests, the number of addresses taking part in transaction activity on the XRP network every day. From the chart, it’s apparent that the Number of Active Addresses set a huge peak in March of this year, but since then, activity on the blockchain has taken a severe hit as the metric has gone down by more than 90%. It’s a stark reminder that the party can’t last forever. đŸ•ș

XRP Price

XRP has continued to show overall sideways action recently, as its price is still trading around $2.34. A price that, one might say, is as stable as a politician’s promise. đŸ€

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2025-05-27 03:05