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Cryptocurrency analysis company Santiment announced that the $XRP Ledger has been showing significant growth signals recently. According to the report published by the company, interest in $XRP is increasing rapidly both in terms of usage and key users.
According to Santiment data, more than 295 thousand unique $XRP addresses interacted daily on average in the last week. This figure is almost 7 times the average daily user interaction of 35-40 thousand in the last 3 months. This increase indicates that $XRP's usage area is expanding and the adoption of the network is gaining momentum.
However, the number of whale and shark wallets holding at least 1 million $XRP has also surpassed 2,700 for the first time. Santiment noted that this is a first in $XRP’s more than 12-year history.
In other $XRP developments today, we reported that the Purpose Investments Purpose $XRP ETF will offer investors direct exposure to spot $XRP. The ETF, which will begin trading on the Toronto Stock Exchange on June 18, will be available in three versions: Canadian dollar-hedged (XRPP), Canadian dollar-unhedged (XRPP.B), and US dollar (XRPP.U). All versions can be held in registered investment accounts such as TFSAs and RRSPs.
*This is not investment advice.