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Significant Increase in Activity Observed on XRP Ledger

Significant Increase in Activity Observed on XRP Ledger

by

3 hours ago

Recent data indicates unusual activity on the XRP Ledger blockchain, where the popular Ripple (XRP) cryptocurrency operates.

Rise in Wallet Activity

According to analysis by crypto analytics firm Santiment, the number of active wallets on the XRP Ledger has seen a significant jump. The data shows that 35,799 unique cryptocurrency wallets on the network made at least one transaction in a day, marking the highest in the last three months.

New Wallet Creations

Interestingly, 3,858 new cryptocurrency wallets were created on the XRP Ledger in a single day, reaching the highest level seen in the last seven months.

Possible Reasons for Activity

The significant activity spike raised questions about the potential onset of a new surge in activity on the XRP network. Recently, the SEC appealed Judge Torres’ decision in the Ripple case, and Ripple announced plans to file a cross-appeal. These expected developments may account for the increased activity.

The observed spikes in activity on the XRP Ledger and interest surrounding the Ripple case with the SEC spark curiosity within the crypto community. Future developments may shed light on the current trends.

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