New addresses appearing on the XRP network have collapsed from 18k/day in Dec 2024 to 2.7k/day today, an 85% decline. Monthly active supply tells a similar story, dropping from 7.45B XRP/day to ~2B XRP/day over the same period. The speculative wave that drove XRP's late-2024 surge has largely unwound at the network level. 📉http://glassno.de/4u8BDBW(glassnode)