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⛓️ Crypto🔴 BearishImportance 6/10
Ripple Holders Alert: 60% of XRP Circulating Supply Currently Underwater
🤖AI Summary
Data from Glassnode reveals that 60% of XRP's circulating supply is currently underwater, representing 36.8 billion tokens in losing positions. This translates to approximately $50.8 billion in unrealized losses for XRP holders.
Key Takeaways
- →60% of XRP's circulating supply is currently held at a loss according to Glassnode data.
- →36.8 billion XRP tokens are in underwater positions, indicating widespread holder losses.
- →Total unrealized losses across XRP holders amount to approximately $50.8 billion.
- →The data suggests most XRP investors purchased their tokens at higher price levels than current market value.
- →This underwater position indicator reflects significant market stress among the XRP holder base.
Read Original →via CryptoPotato
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