Cryptoquant
XRP Reserves on Binance are plummeting. | CryptoQuant
The XRP ecosystem has been particularly active in recent weeks, especially with the arrival of the first spot ETFs (U.S). Canary Capital paved the way on Nov...
CryptoQuant: XRP reserves on Binance are plummeting — since October 6, 300,000,000 XRP ($655 million) have been withdrawn from the exchange.
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ecoinometrics: The cryptocurrency market hasn't just corrected. It has restructured.
The total market capitalization has fallen by about 25% from its peak, nearing 2021 levels, but the market structure has changed significantly. The share of Bitcoin and stablecoins has increased, while the share of Ethereum and the broader altcoin complex continues to decline.
Capital is concentrating around a few long-term use cases rather than being distributed across the entire ecosystem.
The total market capitalization has fallen by about 25% from its peak, nearing 2021 levels, but the market structure has changed significantly. The share of Bitcoin and stablecoins has increased, while the share of Ethereum and the broader altcoin complex continues to decline.
Capital is concentrating around a few long-term use cases rather than being distributed across the entire ecosystem.
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