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Here’s How XRP, TRX Defy the Current Market Turmoil: Glassnode
The crypto market has been in a state of turmoil lately, with numerous digital assets experiencing significant losses. However, it appears that some tokens are defying this trend, and Ripple’s XRP and Tron’s TRX are leading the charge.
According to recent data from blockchain analytics firm Glassnode, over 81% of XRP’s circulating supply remains in profit, while TRX holds an impressive 84.6%. These figures stand out starkly against the rest of the market, where many assets have seen their profitable supplies dwindle significantly.
TRX and XRP Hold Firm
The current global financial situation has been marked by escalating tensions between the U.S. and several major trading partners. This has led to a drastic loss of over $500 billion in the crypto market since the beginning of the year, with many digital assets plummeting in value.
Bitcoin, often considered a bellwether for the rest of the market, currently sees 76.8% of its supply still holding profit, despite an 11.9 percentage point decline this year. Toncoin (TON) and Ondo (ONDO), two other significant players in the crypto space, have maintained even lower levels of profitable supply.
In contrast, TRX has managed to hold a massive 84.6% of its supply above the water, while XRP maintains a substantial 81%.
Source: https://cryptopotato.com/heres-how-xrp-trx-defy-the-current-market-turmoil-glassnode/
