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XRP Ledger's Token Age Consumed Metric Takes Off... Continued Rise Coming?

@brianq
1 min read
02.05.2024
XRP


#XRPLedger has been seeing an abundance of dormant tokens moving to open up May. Our Token Age Consumed metric indicates that this was a remarkably similar spike in old coins being moved compared to the April 13th spike, just before markets tanked and $XRP dropped -16% in value.

This time around, however, there is an argument that this old coin movement is related to potential #buythedip interest from key stakeholders, and prices have been climbing mildly since this May spike occurred. Also, keep in mind the increasing open interest on exchanges, which has just reached a 3-week high.

Explore these metrics and others related to $XRP & your many favorite #altcoins here!

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Featured in this Insight

HarryPotterObamaPacMan8Inu XRP

$ 0.006226
28.8%
in last 7d

XRP Ledger XRP

$ 2.777160
24.9%
in last 7d
XRP

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