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⛓️ CryptoπŸ”΄ BearishImportance 6/10

Ripple Holders Alert: 60% of XRP Circulating Supply Currently Underwater

CryptoPotato|Wayne Jones|
Ripple Holders Alert: 60% of XRP Circulating Supply Currently Underwater
Image via CryptoPotato
πŸ€–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
  • β†’60% of XRP's circulating supply is currently held at a loss according to Glassnode data.
  • β†’36.8 billion XRP tokens are in underwater positions, indicating widespread holder losses.
  • β†’Total unrealized losses across XRP holders amount to approximately $50.8 billion.
  • β†’The data suggests most XRP investors purchased their tokens at higher price levels than current market value.
  • β†’This underwater position indicator reflects significant market stress among the XRP holder base.
Mentioned Tokens
$XRP$1.35β–Ό-1.1%
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Read Original β†’via CryptoPotato
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