CandleFocus XRP Ledger Sees Huge Spike in Active Wallets
2024-10-21
Author: Content Editor
The XRP Ledger has seen a significant increase in active wallets, reaching the highest level in three months, with 35,799 unique wallets. It has also recorded the largest number of newly created wallets in a single day since March 14. The reason for this sudden uptick in activity is unclear. The XRP cryptocurrency has been in the spotlight recently due to the SEC's appeal in the Ripple case. Despite the increase in wallet activity, there has not been a corresponding price increase. The majority of activity on the XRP Ledger is driven by a small number of major actors, with 10 wallets accounting for 58% of all transactions. However, it is worth noting that some of these major wallets are not related to the company Ripple, so this data should not be used to support centralization arguments against Ripple.
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