• bitcoinBitcoin (BTC) $ 119,842.00
  • ethereumEthereum (ETH) $ 3,011.70
  • xrpXRP (XRP) $ 2.95
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 689.06
  • solanaSolana (SOL) $ 162.23
  • usd-coinUSDC (USDC) $ 0.999807
  • dogecoinDogecoin (DOGE) $ 0.197175
  • tronTRON (TRX) $ 0.302536
  • staked-etherLido Staked Ether (STETH) $ 3,010.36
  • cardanoCardano (ADA) $ 0.733979
  • hyperliquidHyperliquid (HYPE) $ 47.46
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 119,579.00
  • stellarStellar (XLM) $ 0.459509
  • suiSui (SUI) $ 3.88
  • wrapped-stethWrapped stETH (WSTETH) $ 3,639.03
  • chainlinkChainlink (LINK) $ 15.74
  • bitcoin-cashBitcoin Cash (BCH) $ 505.06
  • hedera-hashgraphHedera (HBAR) $ 0.236622
  • avalanche-2Avalanche (AVAX) $ 21.27
  • leo-tokenLEO Token (LEO) $ 9.00
  • wrapped-eethWrapped eETH (WEETH) $ 3,228.66
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • the-open-networkToncoin (TON) $ 3.03
  • wethWETH (WETH) $ 3,012.42
  • litecoinLitecoin (LTC) $ 95.61
  • usdsUSDS (USDS) $ 0.999655
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 45.83
  • moneroMonero (XMR) $ 344.32
  • polkadotPolkadot (DOT) $ 3.95
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 119,835.00
  • uniswapUniswap (UNI) $ 9.15
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.46
  • pepePepe (PEPE) $ 0.000012
  • aaveAave (AAVE) $ 314.91
  • bittensorBittensor (TAO) $ 408.36
  • daiDai (DAI) $ 1.00
  • pi-networkPi Network (PI) $ 0.458164
  • crypto-com-chainCronos (CRO) $ 0.107000
  • aptosAptos (APT) $ 4.97
  • nearNEAR Protocol (NEAR) $ 2.58
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • ondo-financeOndo (ONDO) $ 0.921845
  • internet-computerInternet Computer (ICP) $ 5.38
  • okbOKB (OKB) $ 48.02
  • jito-staked-solJito Staked SOL (JITOSOL) $ 197.24
  • ethereum-classicEthereum Classic (ETC) $ 18.53
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • mantleMantle (MNT) $ 0.725305
  • algorandAlgorand (ALGO) $ 0.280377
  • kaspaKaspa (KAS) $ 0.085621
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • ethenaEthena (ENA) $ 0.336444
  • cosmosCosmos Hub (ATOM) $ 4.55
  • bonkBonk (BONK) $ 0.000027
  • vechainVeChain (VET) $ 0.024308
  • pump-funPump.fun (PUMP) $ 0.005811
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.228550
  • arbitrumArbitrum (ARB) $ 0.402637
  • susdssUSDS (SUSDS) $ 1.06
  • render-tokenRender (RENDER) $ 3.77
  • fasttokenFasttoken (FTN) $ 4.51
  • gatechain-tokenGate (GT) $ 15.80
  • official-trumpOfficial Trump (TRUMP) $ 9.42
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.029619
  • sei-networkSei (SEI) $ 0.334463
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.709372
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,013.96
  • worldcoin-wldWorldcoin (WLD) $ 1.05
  • filecoinFilecoin (FIL) $ 2.57
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 119,755.00
  • skySky (SKY) $ 0.077375
  • quant-networkQuant (QNT) $ 111.81
  • binance-staked-solBinance Staked SOL (BNSOL) $ 172.29
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.74
  • jupiter-exchange-solanaJupiter (JUP) $ 0.497757
  • kucoin-sharesKuCoin (KCS) $ 11.52
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998338
  • usdtbUSDtb (USDTB) $ 0.999654
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,158.85
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,433.32
  • spx6900SPX6900 (SPX) $ 1.51
  • usdt0USDT0 (USDT0) $ 1.00
  • celestiaCelestia (TIA) $ 1.86
  • nexoNEXO (NEXO) $ 1.31
  • fartcoinFartcoin (FARTCOIN) $ 1.29
  • story-2Story (IP) $ 4.36
  • xdce-crowd-saleXDC Network (XDC) $ 0.078601
  • blockstackStacks (STX) $ 0.794258
  • flare-networksFlare (FLR) $ 0.017433
  • injective-protocolInjective (INJ) $ 12.38
  • optimismOptimism (OP) $ 0.657044
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,229.90
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 119,713.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,164.99
  • sonic-3Sonic (S) $ 0.347605
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.68
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,177.45
  • dogwifcoindogwifhat (WIF) $ 1.01
  • immutable-xImmutable (IMX) $ 0.529484
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,254.46
  • the-graphThe Graph (GRT) $ 0.099100
  • curve-dao-tokenCurve DAO (CRV) $ 0.705723
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 119,724.00
  • pax-goldPAX Gold (PAXG) $ 3,350.07
  • clbtcclBTC (CLBTC) $ 121,068.00
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • flokiFLOKI (FLOKI) $ 0.000096
  • wbnbWrapped BNB (WBNB) $ 689.39
  • kaiaKaia (KAIA) $ 0.154852
  • paypal-usdPayPal USD (PYUSD) $ 0.999607
  • vaultaVaulta (A) $ 0.547165
  • iotaIOTA (IOTA) $ 0.219166
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 182.14
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.33
  • tether-goldTether Gold (XAUT) $ 3,346.07
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • msolMarinade Staked SOL (MSOL) $ 211.99
  • theta-tokenTheta Network (THETA) $ 0.793442
  • lido-daoLido DAO (LDO) $ 0.859738
  • galaGALA (GALA) $ 0.017035
  • jasmycoinJasmyCoin (JASMY) $ 0.015881
  • the-sandboxThe Sandbox (SAND) $ 0.306880
  • raydiumRaydium (RAY) $ 2.80
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.62
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.75
  • memecoreMemeCore (M) $ 0.421380
  • ousgOUSG (OUSG) $ 111.80
  • aerodrome-financeAerodrome Finance (AERO) $ 0.829400
  • zcashZcash (ZEC) $ 43.14
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • pyth-networkPyth Network (PYTH) $ 0.118571
  • super-oethSuper OETH (SUPEROETH) $ 3,011.05
  • saros-financeSaros (SAROS) $ 0.257016
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998421
  • chain-2Onyxcoin (XCN) $ 0.019585
  • tezosTezos (XTZ) $ 0.637884
  • pendlePendle (PENDLE) $ 4.03
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 3,227.72
  • jito-governance-tokenJito (JTO) $ 1.89
  • wrapped-hypeWrapped HYPE (WHYPE) $ 47.47
  • mog-coinMog Coin (MOG) $ 0.000002
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 3,144.84
  • tbtctBTC (TBTC) $ 119,656.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,011.49
  • flowFlow (FLOW) $ 0.387985
  • walrus-2Walrus (WAL) $ 0.432387
  • falcon-financeFalcon USD (USDF) $ 0.999887
  • decentralandDecentraland (MANA) $ 0.309412
  • newton-projectAB (AB) $ 0.008747
  • usual-usdUsual USD (USD0) $ 0.997684
  • morphoMorpho (MORPHO) $ 1.83
  • telcoinTelcoin (TEL) $ 0.006151
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 119,791.00
  • coredaoorgCore (CORE) $ 0.548973
  • heliumHelium (HNT) $ 2.98
  • thorchainTHORChain (RUNE) $ 1.55
  • based-brettBrett (BRETT) $ 0.054528
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 118,694.00
  • usddUSDD (USDD) $ 1.00
  • staked-hypeStaked HYPE (STHYPE) $ 47.34
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,012.39
  • bitcoin-svBitcoin SV (BSV) $ 26.40
  • conflux-tokenConflux (CFX) $ 0.101746
  • ripple-usdRipple USD (RLUSD) $ 0.999866
  • apecoinApeCoin (APE) $ 0.641063
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.197495
  • build-onBUILDon (B) $ 0.503905
  • true-usdTrueUSD (TUSD) $ 0.998928
  • starknetStarknet (STRK) $ 0.136949
  • 1inch1inch (1INCH) $ 0.350876
  • syrupMaple Finance (SYRUP) $ 0.437399
  • stader-ethxStader ETHx (ETHX) $ 3,203.13
  • beldexBeldex (BDX) $ 0.065548
  • venomVenom (VENOM) $ 0.223394
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007968
  • kavaKava (KAVA) $ 0.429114
  • deepDeepBook (DEEP) $ 0.183827
  • compound-governance-tokenCompound (COMP) $ 48.71
  • aioz-networkAIOZ Network (AIOZ) $ 0.381755
  • dydx-chaindYdX (DYDX) $ 0.600264
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999807
  • neoNEO (NEO) $ 6.36
  • arweaveArweave (AR) $ 6.84
  • apenftAPENFT (NFT) $ 0.00000045
  • elrond-erd-2MultiversX (EGLD) $ 15.32
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,321.20
  • dexeDeXe (DEXE) $ 7.52
  • ecasheCash (XEC) $ 0.000021
  • ether-fiEther.fi (ETHFI) $ 1.12
  • turboTurbo (TURBO) $ 0.005957
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.31
  • ether-fi-staked-btcEther.fi Staked BTC (EBTC) $ 119,490.00
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.004084

XRP Flashes Bearish Signal as Staking Activity Declines

0 35

XRP Flashes Bearish Signal as Staking Activity Declines

Despite the recent crypto market rally that saw XRP record massive daily gains, the latest data from on-chain monitoring firm XRPSCAN suggests that DeFi participants on the network have slowed down as market uncertainty rises.

12,906,712 XRP staked

According to the data provider, the total amount of XRP locked in automated market maker (AMM) pools has declined to 12,906,712 XRP as of May 27.

XRP Flashes Bearish Signal as Staking Activity Declines

While AMM pools are mechanisms that allow the provision of liquidity on the XRP Ledger DEX, the decision among XRP users to lock in their funds in the AMM pools signals solid confidence in the token’s potential.

Nonetheless, a downturn in this metric suggests that the interest among investors to stake their tokens has reduced, suggesting that investors are less confident about XRP’s future performance.

Despite this plunge in staking activities, the data further revealed that the total number of active AMM pools providing XRP liquidity has increased to 20,299. This increase in active AMM pools despite the decrease in the total amount of XRP pooled suggests that there is a decent shift in how liquidity is distributed across the network.

Meanwhile, it also appears that more AMM pools have been created with smaller amounts of XRP in them, possibly due to the increased volatility in XRP’s price or growing fear among investors as market uncertainty looms.

While the reason behind the plunge in the amount of XRP locked across AMM pools cannot be clearly determined, it is attributable to recent price dips experienced by the token.

With the crypto market experiencing mixed price actions amid recurring price corrections, investors are in doubt if there is still more to expect from the third-largest cryptocurrency by market capitalization.

As such, they have taken caution by staking lesser amounts of tokens. According to data from CoinMarketCap, XRP has slowed down on its rapid upsurge and has traded steadily with just a 0.29% increase since the last day.

XRP Flashes Bearish Signal as Staking Activity Declines

Notably, XRP is trading at $3.32 as of press time, despite reaching a high of $2.45 five days ago. While the token has maintained resilience above the $2 mark, investors are optimistic about a potential breakout in the price of the token.

Source

Leave A Reply

Your email address will not be published.