Average XRP trader return hits -41%, lowest since FTX collapse

According to crypto on-chain analytics firm Santiment, the average investment return for addresses active on the XRP Ledger (XRPL) over the past year has been -41%. The current Market Value to Realized Value (MVRV) for XRP investors is at its lowest point since the collapse of FTX in 2022. Santiment noted that since the crypto market operates as a zero-sum game, a deeply negative investor return that goes beyond a simple price drop signifies that many market participants have entered a period of extreme loss.