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Data Shows XRP Holds up Better in Current Bear Market as Unique Addresses Exceed 200k

According to the data provided by Santiment, XRP is currently holding up better than most altcoins in this bear market as the number of Unique XRP addresses increases dramatically.

In a tweet yesterday, Santiment pointed out that XRP is currently doing better than most altcoins despite the general market slide.

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The data revealed that XRP surpassed 200,000 unique addresses for the first time since February 2020.

Santiment tweeted, โ€œXRP is holding up better than most altcoins on a Thursday crypto slide day. A couple of days ago, the XRPNetwork exploded with unique addresses interacting on the network, exceeding 200k for the first time since February 2020. This is worth watching.โ€

Read Also: Ripple Prepares For the Worse: Brad Garlinghouse Reveals What Will Happen if SEC Wins XRP Lawsuit

Ripple Unlocks 1 Billion XRP from Escrow

As it has always been for a couple of years, Ripple, the US-based cross-border payment firm that oversees the distribution of the digital token XRP, has recently unlocked a total of 1 billion XRP in two separate transactions from escrow.

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Whale Alert, the popular large crypto transactions tracking service, shared data of the whopping transaction, which was split into two lumps of 500 million XRP each.

The two transactions were completed at exactly the same time and it is not surprising to see that the dollar value of the two 500 million XRP lumps correspond in dollar value, with both worth approximately $329 million at the time the tokens were unlocked.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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