New XRP addresses fall 85% as speculative interest wanes

The number of new addresses on the XRP network has plummeted by 85% from a daily average of 18,000 last December to around 2,700 currently, according to on-chain analytics firm Glassnode. The monthly active supply also saw a sharp decline during the same period, falling from 7.45 billion XRP to 2 billion XRP. This suggests that most of the speculative capital that fueled the XRP rally in late 2024 has since left the market.