- The number of new account activations in XRP ledger hit a one-year high of 4,224 per day
- New account creation is linked to the hype surrounding the Flare Networks snapshot
- The number of unique addresses interacting with the XRP network also hit a 6-month high of 24,408
- XRP Continues to Show Bullish Momentum as Flare Networks Snapshot Approaches
XRP’s digital asset has had an amazing week in the crypto markets, dropping from $ 0.266 to a peak value of $ 0.498 in 2020, reached yesterday November 21. This is an 87% increase in value which also resulted in increased activity on the XRP ledger.
According to XRPScan, the XRP ledger has also seen a massive upsurge in new account activations, with the discount coin showing the peak value of 2020 mentioned above. Yesterday a total of 4,224 new account activations were recorded in the XRP ledger, as shown in the following chart, courtesy of XRPScan.com.
XRP Ledger New Activations Related to Flare Networks Snapshot
Early yesterday, the XRPScan team had underlined the surge in new account activations on XRP ledger and when the number rose to 3,200. They went on to explain that the surge was due to the hype surrounding the Flare Networks snapshot on December 12th.
New account activations on XRP ledger hit year-long highs with ~ 3,200 new accounts per day. like the hype around @FlareNetworks The Spark distribution is growing and people are rushing to claim their FLR tokens.
Unique addresses on XRP network hit 6-month high
The Santiment Feed team also captured increased activity on the XRP network. They pointed out that unique addresses interacting with the network reached levels last seen in May this year.
[XRP]The company’s price has skyrocketed + 27% today, and the number of unique addresses transacting on the $ XRP single-day network (24,408) was the highest production since May 1.
In summary, the increased activity surrounding the XRP ledger is evidence of investor interest in the Flare Networks snapshot on December 12. This interest is driving XRP’s impressive performance last week, as investors build up the transfer coin to capitalize on the possible airdrop of Spark Tokens.