XRP witnessed a wave of inflow: 70% of the market capitalization has been realized as new money.

On-chain data shows that over 70% of the total capital stored in XRP has been injected into the network along with high prices in the past six months. More than 70% of the XRP capitalization made is 6 months old or younger In a post on X, the senior researcher of Glassnode CryptoVizArt.₿ talked about the situation of capital flow related to XRP. The relevant index here is "Realized Cap", which is a model that, in summary, tracks the total basis cost of all addresses on the network. In other words, this indicator provides an estimate of the total capital that holders in general have invested in cryptocurrency. Below is a chart shared by the analyst showing how this figure has changed for XRP over the past decade.

As can be seen in the chart, the XRP Realized Cap ( black curve ) has witnessed a surge alongside the recent price increase of the asset. This implies that a large amount of new capital has poured into the cryptocurrency. In the same chart, the researcher Glassnode has also attached data related to the Realized Cap concerning different groups of money under six months. The actual market capitalization has seen growth over the past six months, so it's no surprise that the capital held by these age groups has witnessed a surge in the weight of this index. However, this huge capital will not yield significant profits, considering the price at which it has flowed in. Ultimately, the window of the last six months has primarily been the peak of cryptocurrency, and the subsequent stagnation phase is still ongoing to this day. "More than 70% of locked capital in XRP has been deployed near the peak in the past 6 months," the analyst noted. Of course, this could put digital assets in a difficult situation, as it won't take long to push all these investors into a state of loss. It remains to be seen how this currency will develop in the near future and whether capital will continue to flow in, despite the fact that its price cannot return to the highs of January. In other news, the XRP network has seen a sharp decline in the number of Active Addresses since the peak in March, as CryptoVizArt.₿ pointed out in another post on X.

The number of active addresses is a measuring indicator, just as its name suggests, the number of addresses participating in transaction activities on the XRP network each day. From the chart, it is clear that the number of active addresses peaked in March of this year, but since then, activity on the blockchain has been severely affected as this figure has dropped by more than 90%.

XRP continues to show overall sideways action recently, as its price is still trading around $2.34.