XRP Briefly Secures Top 3 Spot In Market Hierarchy As Wallet Addresses Count Soars

By: bitcoin ethereum news|2025/05/14 07:45:04
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On Monday, XRP achieved a major milestone that attracted significant attention and interest in the crypto sector. The XRP community is buzzing with excitement as the asset moves higher in the market hierarchy for a short period, reflecting its stark position as a leading crypto asset in the sector. Rising Holder Number Bolsters XRP’s Rally Without a doubt, XRP has become one of the best-performing digital assets alongside Bitcoin in the ongoing bull market cycle. After climbing rapidly yesterday, Santiment, a market intelligence and on-chain data platform, reported that the altcoin moved to the third position among cryptocurrencies by market capitalization. Specifically, the altcoin surpassed Tether (USDT), which has held the position for a lengthy period, to claim the top 3 spot, demonstrating the strength of the recent upward trend. Even though XRP has moved back into the fourth position, reclaiming the top 3 spot is a testament to the increased attention and interest in the asset. During the time of the report, the altcoin’s price rose above the $2.61 level, marking its highest level in the past month. Santiment pointed out multiple conditions that are responsible for the recent notable upside move to the top 3 crypto and the asset’s price push toward key resistance zones. The first condition, underlined by the on-chain platform, is US House Bill 594. A bill that would make Missouri the first US state to offer a complete income tax deduction on all capital gains, including profits from Bitcoin and XRP. Another key reason Santiment stated is the recent acceptance of XRP by Travala as a payment method, bolstering its position as a functional utility crypto asset. This acceptance of the asset by Travala also reflects its potential as a long-term financial asset. A Steady Rise In Non-Empty Wallet Addresses Amid Price Surge Lastly, Santiment noted that the altcoin ‘s short-term upswing into the third position in the overall crypto sector was driven by a significant rise in the number of active wallet addresses. Data from Santiment shows that more than 638,000 non-empty wallets have been added to the network since the beginning of 2025. The additional 638,000 non-empty wallet addresses imply an over 11% increase thus far in 2025 alone. Currently, XRP’s overall holders are approaching 6.5 million for the first time in the network’s 12+ year history following the newly added 638,000 non-empty wallet addresses. Since the uptick coincides with price spikes, it demonstrates increasing network activity and investors’ interest, indicating a new stage of adoption for the asset. In a competitive and quickly changing market environment, the growing wallet base may offer the fundamental support required for the asset to maintain its current upside momentum as retail and institutional demand align. At the time of writing, XRP was trading at $2.49, indicating a nearly 4% increase in the last 24 hours. Investors’ sentiment has strongly turned bullish, as evidenced by a more than 179% increase in trading volume in the past day. Featured image from Getty Images, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. Source: https://bitcoinist.com/xrp-wallets-count-soars/

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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