On-chain analytics firm Glassnode reported that the number of new addresses on the XRP network has decreased by 85%, from an average of 18,000 per day in December last year to currently around 2,700. Monthly active supply also significantly decreased during the same period, from 7.45 billion XRP to 2 billion XRP. This suggests that most of the speculative funds that drove the XRP rally at the end of 2024 have exited.
