XRP hit its lowest daily close ($1) since November 2024, down **69%** from its January 2025 peak (~$3.3). $AKE
Key on-chain data (Santiment):
· Active addresses rose 33% in August (35,700/day) vs. July (26,400).
· New addresses stayed flat (~2,260/day), showing no new user influx.
Takeaway: Network activity is driven by existing users trading more, not by expanding adoption—making this cycle different from past ones.
Key on-chain data (Santiment):
· Active addresses rose 33% in August (35,700/day) vs. July (26,400).
· New addresses stayed flat (~2,260/day), showing no new user influx.
Takeaway: Network activity is driven by existing users trading more, not by expanding adoption—making this cycle different from past ones.