In a world where cryptocurrencies dance like marionettes on the strings of fate, the illustrious on-chain data oracle, Glassnode, has unveiled a report that could make even the most stoic investor chuckle. It seems that XRP and its merry companion, Tron (TRX), have outshone the likes of Ethereum and Solana in a most unexpected twist of fortune.
XRP: The Unlikely Hero of Profit Metrics
According to the oracle’s revelations, a chart has emerged, tracking the percentage of supply of these digital coins basking in the warm glow of profit year-to-date. This means, dear reader, that if the current price of these coins held by investors is higher than the price at which they were initially purchased, they are, in fact, swimming in a sea of green.
Despite the recent market hiccups, some assets still have the majority of their supply in profit.
On the high end: $TRX: 84.6% of supply in profit (down just -5.6pp YTD) $XRP: 81.6% (down -10.4pp)
— glassnode (@glassnode) April 8, 2025
In this grand spectacle of numbers, XRP stands tall with 81.6% of its supply still in profit, albeit down by 10.4 percentage points year-to-date. Meanwhile, TRX, the sprightly sidekick, boasts an impressive 84.6% (down a mere 5.6 pp). It appears that these two coins have donned their capes and shown remarkable resilience, while ETH and SOL languish with 44.9% and 31.6% of their supply in profit, respectively. And as for BTC, DOGE, TON, and ONDO? Well, let’s just say they’re not winning any popularity contests in this metric.
The Mysterious Whale and the 200 Million XRP Transfer
On a fateful Monday, the ever-watchful blockchain detective, Whale Alert, caught wind of a colossal XRP deposit that made its way to the Binance exchange. A staggering 200 million XRP were transferred from an anonymous blockchain address, igniting a veritable firestorm of speculation in the comment section. Was it a sale? A secret plot? Or merely a case of mistaken identity?
As the digital sleuths debated, Whale Alert, in its infinite wisdom, provided a breadcrumb trail leading to the truth. It turned out that what was thought to be an anonymous wallet was, in fact, an address linked to Binance itself. A classic case of “who’s who” in the world of crypto! Meanwhile, in a parallel universe, a similar transfer of 300 million Dogecoin was spotted, and this time, the wallet remained as mysterious as a magician’s trick, with no Binance strings attached.
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2025-04-08 16:01