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XRP's Wallet Activity Logs Precipitous Drop

Thu, 3/04/2025 - 20:18
However, XRP has seen an increase in transaction count
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XRP's Wallet Activity Logs Precipitous Drop
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According to a recent report by CoinMetrics, XRP has recorded a 10.77% decline in wallet activity over the past week. This is the largest drop among major altcoins (behind only Ethereum).   

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Bitcoin, the top cryptocurrency by market cap, has also recorded a 1.16% decline. 

Meanwhile, Chainlink (LINK) has logged a 5.45% increase in wallet activity. Cardano's (ADA) has also seen negligible growth of 0.41%. 

CoinMetrics

That said, XRP has seen a 25.5% increase in transaction count. Meanwhile, Bitcoin has logged a 7% decrease. 

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XRP has also recorded a whopping 130% increase in futures volume amid increasing volatility. However, its open interest has declined by 1.42%. 

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The cryptocurrency market has suffered a severe correction over the past week amid the global market mayhem. 

The Ripple-linked cryptocurrency has underperformed some other major cryptocurrencies, with its market cap declining by more than 13%. 

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