XRP’s Wallet Woes: 41.5% Cry Uncle 💸🔥

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In the shadowed alleys of the crypto markets, XRP stumbles like a drunkard, its “recovery” a hollow joke. Analysts whisper: 41.5% of holders now drown in red ink, their dreams of $3 glory evaporated like morning dew. A tragedy, really. Or is it a farce? 😂

Glassnode, that oracle of on-chain despair, declared Monday that XRP’s “supply in profit” has sunk to November 2024 levels-when the coin traded at $0.53, a price so laughable it makes a beggar blush. And yet, here we are: trading 4× higher at $2.15, but still drowning in losses. Late buyers, you fools, thought you were dining at the last supper. 🤡

Tony Sycamore, prophet of IG Australia, sighs: “The recent crash? Surprise! Who saw that coming?!” He paints a picture of investors who bought at $3+, now clinging to hope like a drowning man to a bottle of champagne. FOMO, that sly devil, lured them in. Now they’re stuck, staring at a chart that looks like a cliff. 🧨

“The 40% nosedive from July’s $3.66 peak?” Sycamore cackles. “It’s a wake-up call for hodlers who thought ‘perpetual upside’ meant forever and a day. And those newbies? They thought dips were discounts. Now they’re discounting their life choices.”

With 26.5B XRP underwater, the market’s a house of cards. Stop-losses and forced sales loom like vultures. Recovery? Tony says it’ll need a miracle-or a rebound above $2.70. Either way, bring tissues.

But fear not! The crypto circus rolls on. This week, ETFs flood the market: Canary Capital’s spot-XRP ETF dazzled on debut (surprise, surprise), and four more-Franklin Templeton, Bitwise, 21Shares, CoinShares-are queued up. Yet XRP lingers at $2.14, a 40% fall from its July high. The crowd cheers. The bulls? Silent. The bears? Eating popcorn. 🍿

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2025-11-18 05:27