I noticed something interesting in the latest XRP data. The number of wallets has reached about 7.8 million and is still continuously increasing, but the price is stuck around $1.42, which is 61% below the peak of $3.65. This is a really strange disconnect between network growth and price movement.

Interestingly, user activity and active addresses on the XRP network continue to rise. In mid-March, the number of non-empty wallets exceeded 7.7 million for the first time, and there was a spike in activity to 46,000 active addresses. The numbers indicate that people are still using and entering the network, even if the price is weak.

The distribution is also intriguing. Most XRP holders are small individual investors, about 5.66 million wallets holding less than 100 coins each. But only 32,000 wallets hold more than 100,000 coins, meaning large hands still dominate. Some community members argue that XRP has one of the largest communities, but the price moves like any other random coin. The problem is that market confidence ultimately drives the price, not actual adoption.