XRP Ledger transaction volume hits a record—why do the numbers “made” by just 20 wallets hide a concern?
The number of transactions per single XRP Ledger transaction record has broken a historical record, but most of it is volume generated by 20 wallets, which is artificial heat for the short-term coin price.
According to Bitcoin.com, on September 13 the XRP Ledger block #106,965,249 packed 3,254 transactions, setting a new all-time high. But when you break it down, it exposes the trick: about 2,000 of them are completely identical “1 drop” payments (the smallest unit of XRP transfer, basically equal to zero), initiated by only 20 wallets. The XRP Ledger Foundation’s community director, Hussein Zangana, also confirmed this figure.
In plain terms, someone uses scripts to repeatedly send dust-level transfers, stacking the ledger’s transaction count sky-high.
One-sentence translation: This isn’t an ecosystem boom—it’s 20 addresses刷 KPI.
Market impact
- Short term: XRP is now $1.423, up 5.66% in 24h, the strongest among major coins. But if you treat this “record” as evidence of on-chain prosperity and chase it, you’re buying watered-down “meat” as if it were fresh snowflake beef. If you remove those roughly 2,000 junk transfers, the real usage is about 1,200 transactions—just normal to somewhat elevated.
- Medium term: The刷 volume itself isn’t necessarily bearish, but it exposes a problem—XRP Ledger’s performance narrative can be manipulated by data. When institutions conduct due diligence later, these inflated records will actually work against it. On-chain data should be assessed by its source and structure, not just the headline.
My view
Slightly neutral to cautious. This 5.66% rally in XRP is driven more by sentiment; the on-chain record is hollow, and I don’t take it as fuel for sustained gains. A hold above $1.4 could still carry momentum, but it can’t be supported by the “volume刷” narrative alone, so a pullback is possible. I’m 70% confident in this view, and the remaining 30% is left to the market—if I’m wrong, please keep it light.
$BTC $ETH #BTC #ETH
- Asset: BTC
- Direction: Bullish📈 Predicts rise
- Duration: 12 hours
📊 Historical backtest
- After a similar claim (“55 million Bitcoin wallets are in profit, hitting a new all-time high”) was published (2025-08-28), BTC’s 12h performance was -0.90%; the bullish prediction was ❌ wrong
⚠️ Not investment advice
#XRP
The number of transactions per single XRP Ledger transaction record has broken a historical record, but most of it is volume generated by 20 wallets, which is artificial heat for the short-term coin price.
According to Bitcoin.com, on September 13 the XRP Ledger block #106,965,249 packed 3,254 transactions, setting a new all-time high. But when you break it down, it exposes the trick: about 2,000 of them are completely identical “1 drop” payments (the smallest unit of XRP transfer, basically equal to zero), initiated by only 20 wallets. The XRP Ledger Foundation’s community director, Hussein Zangana, also confirmed this figure.
In plain terms, someone uses scripts to repeatedly send dust-level transfers, stacking the ledger’s transaction count sky-high.
One-sentence translation: This isn’t an ecosystem boom—it’s 20 addresses刷 KPI.
Market impact
- Short term: XRP is now $1.423, up 5.66% in 24h, the strongest among major coins. But if you treat this “record” as evidence of on-chain prosperity and chase it, you’re buying watered-down “meat” as if it were fresh snowflake beef. If you remove those roughly 2,000 junk transfers, the real usage is about 1,200 transactions—just normal to somewhat elevated.
- Medium term: The刷 volume itself isn’t necessarily bearish, but it exposes a problem—XRP Ledger’s performance narrative can be manipulated by data. When institutions conduct due diligence later, these inflated records will actually work against it. On-chain data should be assessed by its source and structure, not just the headline.
My view
Slightly neutral to cautious. This 5.66% rally in XRP is driven more by sentiment; the on-chain record is hollow, and I don’t take it as fuel for sustained gains. A hold above $1.4 could still carry momentum, but it can’t be supported by the “volume刷” narrative alone, so a pullback is possible. I’m 70% confident in this view, and the remaining 30% is left to the market—if I’m wrong, please keep it light.
$BTC $ETH #BTC #ETH
- Asset: BTC
- Direction: Bullish📈 Predicts rise
- Duration: 12 hours
📊 Historical backtest
- After a similar claim (“55 million Bitcoin wallets are in profit, hitting a new all-time high”) was published (2025-08-28), BTC’s 12h performance was -0.90%; the bullish prediction was ❌ wrong
⚠️ Not investment advice
#XRP
