On-chain data shows the XRP investors with more than 300% in profits took part in a significant amount of selling earlier in the month.
The indicator works by going through the transaction history of each token being sold on the blockchain to see what price it was moved at prior to this. If this previous selling price for any coin is less than the spot price that it’s now being sold at, then that particular token’s sale is leading to a realization of some net profit equal to the difference between the two values.
In the context of the current topic, the Realized Loss for the entire market isn’t of interest, but rather that of only a very specific portion of it: the XRP investors carrying gains of more than 300%.
The only holders who would be in a profit of this level are those that bought the cryptocurrency prior to the asset’s explosion in November 2024. Thus, the Realized Profit of the cohort tells us about the level of profit-taking that these early buyers are participating in.
Now, here is a chart that shows the trend in the indicator over the last couple of years:
As displayed in the above graph, the XRP Realized Profit associated with investors carrying a profit margin of more than 300% saw a very sharp spike just after the initial price rally. This suggests that many of these early buyers didn’t wait too much to harvest their gains.
Profit-taking from the group continued in early parts of 2025, although the spikes that the indicator witnessed were of a significantly smaller scale. After March, though, selling from these investors finally calmed down.
From the chart, it’s apparent that this calm continued until this month, but the cohort ended up breaking its silence. “In early June, they began realizing profits at a pace of $68.8M per day (7D-SMA), signaling a wave of distribution by early holders,” notes Glassnode.
XRP has faced a drop of more than 2% in the last 24 hours that has brought its price back to the $2.1 level.
