This article discusses the development of a new server activity monitoring tool by Ripple's CTO, the impact of the August rally on XRP, and intriguing data regarding SHIB outflow increases.
Monitoring Tool by David Schwartz
David Schwartz, Ripple's CTO, is creating a new tool to monitor performance and server activity on the XRP Ledger. This tool will support platforms like rrdtool and Cacti and is focused on tracking the performance of his server setup. Schwartz has chosen a server with a 9950X processor, 256 GB of RAM, and a 10 Gbps unmetered link located in a New York data center. This server is already syncing and providing live connectivity, can realistically handle up to 192 server connections, and plans to maintain headroom for network load.
XRP Challenges Following August Rally
The August crypto rally has hit its first significant turbulence, with XRP holders feeling the impact. Liquidation data reveals a staggering 7,676% imbalance between long and short positions on XRP, with over $2.61 million in longs liquidated, while short liquidations barely reached $34,130. This imbalance indicates structural exposure issues; from a price standpoint, XRP dropped 2.94% to $2.97.
Surge in SHIB Outflows and Its Implications
Recent data indicates an anomaly on the Shiba Inu network: a reported 12,887% increase in large holder outflows over the past 30 days. However, this number may be misleading, as it is likely caused by a low base value. For example, if outflows were 10 million SHIB yesterday and 1.3 billion SHIB today, such a percentage increase is achievable, but it does not necessarily indicate a mass exit or panic. It could rather reflect whale activity delays or portfolio reorganization.
David Schwartz's development of a monitoring tool for server activity may significantly impact the decentralization of the XRP Ledger. Meanwhile, fluctuations in XRP and SHIB prices highlight the critical need for structural analysis of market positions to understand the true state of cryptocurrencies.
