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XRP Witnesses Abnormal 800% Network Explosion as Millionaires’ FOMO In
The XRP Ledger has witnessed a sudden and unprecedented surge in its network activity, with an astonishing 800% increase in daily active addresses over the past week. This remarkable growth is attributed to the influx of high-net-worth investors rushing into the network.
According to recent data from Santiment, the average number of unique wallets interacting with the XRP network has skyrocketed to 295,000 per day, a drastic departure from its typical 90-day averages of around 35,000-40,000. This anomalous increase in user activity is unprecedented in XRP’s 12-year history, hinting at an enormous shift in market participation.
In tandem with this surge, the number of wallets holding over one million XRP (approximately $2.25 million) has hit a record-breaking high of 2,708. Such a dramatic rise suggests that institutional players and early investors are growing increasingly confident in their investment, gearing up for potential growth.
This unusual phenomenon may also be linked to recent developments on the XRP Ledger or expectations surrounding regulatory changes.
Source: u.today
