Chain analytics company feeling has highlighted the growth in non-empty XRP wallets. In a tweet, Santiment compares the growth of non-empty wallets among major market caps over the past six months, presenting the net change in this metric within the specified time period.
Chain analytics company feeling has highlighted the growth in non-empty XRP wallets. In a tweet, Santiment compares the growth of non-empty wallets among major market caps over the past six months, presenting the net change in this metric within the specified time period.
The number of non-empty wallets containing XRP skyrocketed to a staggering 5.2 million in the last six months, representing a growth of 7%. According to XRP Ledger Services, an XRP Ledger explorer, the current account count on XRP Ledger is 5,183,760, containing a whopping 59,778,941,576 XRP. Of these figures, only 1,939 addresses had a zero balance.
The growth of non-empty wallets could suggest the influx of new users and investors entering the XRP ecosystem.
As XRP gains traction as a mainstream asset, more people want to buy and hold XRP tokens, leading to an increase in the number of active wallets.
A growing number of newcomers are joining the XRP ecosystem. Ripple CEO Brad Garlinghouse expressed excitement about the increase in the number of events led by the XRP community this year, including the XRP Gold Coast event in March, as well as XRP Las Vegas and XRPL apex. Garlinghouse expressed excitement about the additional native capabilities for projects built on Ledger, indicating momentum is building.
XRP Ledger Sees Increase in Dormant Token Movement
According feeling, XRP Ledger has seen a huge movement of dormant tokens starting in the month of May. The Token Age Consumed metric shows this is strikingly similar to the surge in old coin movement seen on April 13, just before the markets crashed and XRP fell -16% in value.
This time, however, there is an argument that this old coin movement is related to possible dip buying interest from key stakeholders, and prices have risen a bit since the May peak.
Likewise, open interest in stocks has reached a three-week high. On May 2, total XRP open interest on exchanges reached $483.4 million, the most since April 13.
