On-chain data shows XRP retail investors are up 60% even after the market downturn. Here’s how the figure compares for Bitcoin and Ethereum.
The Realized Price measures the average cost basis or acquisition level of a given segment of the network. When the asset’s spot price trades above this level, it means the group is in a state of net unrealized gain. On the other hand, it being under the metric implies the dominance of loss among the cohort members.
First, here is a chart that shows the trend in the Realized Price for the retail investors on the XRP network:
As displayed in the above graph, XRP has witnessed bearish price action recently, but its price still has a notable gap over the Realized Price of the retail entities. More specifically, this group is in an average profit of 60% right now. Ethereum retail holders are also in the green, but their profitability isn’t quite as good, sitting at 40%.
Bitcoin retail was accumulating until the latest price plunge, but this bearish wave has spooked them into selling 0.36% of their supply over the last five days, which is the highest rate of distribution in two months. Ethereum retail has been exiting for a while now, and the trend has only continued during the past month as the cohort’s holdings have gone down by 0.90%. XRP’s small hands have shown a more mixed behavior, first participating in a sharp selloff, and then following on with slight accumulation. Overall, the group’s supply is down 1.38% since the start of November.
“Prices move the opposite direction of small wallets’ behavior,” noted Santiment. “So we’re keeping an eye on retail traders continuing to panic sell as a positive sign for crypto’s recovery.”
XRP has fallen alongside the rest of the market as its price has returned to $2.13.
