XRP Network Sees Massive 50% Decline As 101,081 Active Addresses Vanish

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Shocking Loss: Are XRP Addresses Just Taking a Very Long Vacation? 🤔

In an astonishing twist that left even the most jaded crypto enthusiasts raising an eyebrow (or perhaps, both), crypto analyst Ali Martinez has unveiled a Glassnode chart that could make a grown whale cry. It reveals a staggering decline in the number of active whale addresses on the XRP network over the past three months. Perhaps they all decided to take an extended sabbatical to a lovely intergalactic spa? Who could blame them?

The decline is quite monumental, soaring to a jaw-dropping 50%! Since December’s festive flurry of crypto activity, the robust fleet of 202,250 active whale addresses has mysteriously shrunk to a mere 101,160! It’s like counting the number of socks after laundry day—bewildering and mildly concerning. Go back to December 2, and you’d find yourself amidst a jubilant crowd of 200,000 active wallets. Ah, blissful times!

$XRP network activity has declined by 50%, dropping from 202,250 active addresses in December to just 101,169 today!

— Ali (@ali_charts) February 27, 2025

This drastic disappearance correlates with reports highlighting a broader collapse in XRP transaction volume and the general floundering around the XRP network. Maybe it’s all just a cooling phase in the grand cosmic dance of remittance and payment demands? Some observers noted that the network dropped by a staggering one million transactions—talk about a cold shower!

However, hold onto your digital hats! On February 25, the XRP network made an unexpected comeback worthy of a superhero movie, with a whopping 2,054,526 transactions occurring in a single day. A veritable tsunami of funds surged as Ripple’s beloved little currency tried to regain its footing after a tumultuous dive. Clearly, it’s not ready for retirement just yet!

Ripple Unfurls Its Flags in South Korea 🌏✈️

Meanwhile, in a move that could make even the most indifferent stockbroker sit up and take notice, Ripple’s gallant president Monica Long took to X (formerly known as Twitter) to announce an exciting partnership with South Korean company BDACS—a rather prestigious digital asset institutional custody provider. Sounds thrilling, right? Right?!

Long triumphantly proclaimed that Ripple had “planted another flag in APAC for XRP and RLUSD.” It’s like a treasure hunt, but instead of gold doubloons, you get seamless custody services for financial institutions! How delightful!

With this partnership, the XRPL network is primed for a whopping expansion, ramping up the usability of Ripple’s dollar-pegged stablecoin RLUSD. It’s all so exciting that one must wonder if they’re brewing a crypto celebration on a galactic scale!

In a fascinating twist of fate from last December, Ripple’s new partner BDACS inked a deal with Woori Bank, one of South Korea’s titans of finance, to provide digital asset custody services. Who knew partnerships could be this riveting?

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2025-02-27 19:47