Inching Towards 5 Million
The number of XRP wallets has recently surpassed 4.8 million, driven by Ripple’s recent court victories against the SEC. Despite the bear market in 2022 and the uncertainty surrounding the lawsuit, the number of XRP wallets has been steadily increasing. At the beginning of last year, there were around 4 million XRP addresses.
All Eyes on Ripple and XRP
Ripple and its native token, XRP, have been attracting a lot of attention lately, especially after their first court victory against the SEC in July. This ruling caused a price rally for XRP as it was determined that its sales did not constitute an offer of investment contracts. In celebration of this success, Ripple hosted a massive party in New York City, but contrary to speculation, they did not announce an IPO or settlement with the SEC during the event.
Hot Take: Ripple’s Growing Momentum
Ripple’s recent court victories and growing number of XRP wallets demonstrate its increasing momentum in the crypto industry. These wins against the SEC have boosted confidence in Ripple and its token, leading to increased adoption and investor interest. While there were expectations for major announcements at Ripple’s party, the focus remains on their legal battles and regulatory clarity. As Ripple continues to navigate these challenges, its success in court will likely have a significant impact on the future of XRP and its position within the cryptocurrency market.
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