Gold

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
On-chain analytics&nbsp;firm&nbsp;<a href="https://twitter.com/santimentfeed/status/1786226227873042568" rel="noopener noreferrer nofollow">Santiment</a> has highlighted growth in nonempty XRP wallets. In a tweet, Santiment compares the growth of nonempty wallets among top market caps in the past&nbsp;six&nbsp;months, presenting the net change in this metric within the specified time&nbsp;frame.
The number of nonempty wallets holding XRP soared to an astounding 5.2 million within the last six months, representing 7% growth. According to XRP Ledger services, an XRP Ledger explorer, the current count for accounts on XRP Ledger is 5,183,760,&nbsp;which&nbsp;holds a massive 59,778,941,576 XRP. Out of these numbers, a meager 1,939 addresses had zero balances.&nbsp;
<blockquote>
 📊 Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> (apologies to <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BinanceCoin</a> and <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a>, not pictured in this study): 🪙<a href="https://twitter.com/hashtag/Toncoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Toncoin</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> 16.8K wallets (+110% growth) 🪙 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> 6.6M wallets… <a href="https://t.co/IhjJn6syn2" rel="noopener noreferrer nofollow">pic.twitter.com/IhjJn6syn2</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1786226227873042568?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 3, 2024</a>
</blockquote>
The growth in nonempty wallets might suggest the influx of new users and investors entering the XRP ecosystem.&nbsp;
As <a href="https://u.today/xrp-forms-death-cross-details" rel="noopener noreferrer nofollow">XRP</a> gains traction as a mainstream asset, more people want to buy and hold XRP tokens,&nbsp;which leads&nbsp;to an increase in&nbsp;the number of&nbsp;active wallets.
A rising number of newcomers are joining the XRP ecosystem.&nbsp;Ripple CEO <a href="https://twitter.com/bgarlinghouse/status/1786116367076450328" rel="noopener noreferrer nofollow">Brad Garlinghouse</a> expressed excitement at the increase in the amount of XRP community-led events this year, including the XRP Gold Coast event in March, as well as&nbsp;the XRP Las Vegas and XRPL apex.&nbsp;Garlinghouse expressed excitement about additional native capabilities for projects built on the Ledger, signaling that momentum is increasing.&nbsp;
<h2 id="xrp-ledger-sees-surge-of-dormant-token-move">XRP Ledger sees surge of dormant token move</h2>
According to <a href="https://twitter.com/santimentfeed/status/1786172685984391473" rel="noopener noreferrer nofollow">Santiment</a>, XRP Ledger has seen a&nbsp;large&nbsp;movement of dormant tokens to start the month of May.&nbsp;The Token Age Consumed metric shows that this is&nbsp;surprisingly&nbsp;similar to the spike in old coins&nbsp;being moved&nbsp;seen&nbsp;on April 13, just before markets tanked and XRP dropped -16% in value.
This time around, however, there is an argument that this old coin movement is related to potential buy-the-dip interest from key stakeholders, and prices have been rising somewhat since the May spike.
Likewise, open interest on exchanges has reached a three-week high. On May 2, XRP's total open interest on exchanges reached $483.4 million, the most since April 13.

XRP Achieves New Milestone of 5.2 Million Active Wallets

Table of Contents

U_Today

Other articles published on May 3, 2024

FLOKI’s trend reversal depends on THIS key factor panning out

Fantom Foundation Launches $6.5 Million Prize Pool to Incentivize “Safer Meme Coins”

Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork

Toncoin Price Prediction:Is the Bullish Rally Just Beginning

Jack Dorsey Says Block Will Use 10% Of Its Bitcoin Profits To Purchase BTC Every Month

BingX Introduces Eigenlayer Token Spot Trading Amid Growing Popularity of Ethereum Restaking Ecos...

Join our free newsletter for daily crypto updates!