So, the crypto market—yeah, it’s bleeding. Not a trickle, not a papercut, but a full-on arterial spray. If you picked up any major coin in the last three to six months, congratulations: you’re now an honorary member of the “Underwater Investors Association.” Membership includes regret and disbelief, courtesy of data from Glassnode (who, honestly, must be having a field day. “Oh look, everyone is suffering!”).
Except there’s always that one guy, right? Enter the XRP holders. These folks just waltz in, scoop up some XRP a few months ago, and what happens? They’re grinning—maybe even smugly—on 11% gains. Oh, sure, rub it in. Enjoy your profits, Jerry, we’re all thrilled for you. 🙄
11% for XRP FOMO holders—What, You Want a Parade?
Meanwhile, everybody else who tried to get rich quick—yeah, they’re just staring at their screens, watching their BTC, ETH, and SOL purchases circle the drain. Didn’t you people listen when I said “never buy when everyone else is excited”? No, you didn’t! Because people love pain, apparently.
Let’s talk numbers, because numbers never lie but they can slap you in the face. Glassnode spilled the beans: XRP holders are up 11% from a $2.14 springboard. The price bounced around like a yoyo, but somehow these folks dodged disaster. As for everyone chasing that Luna-inspired euphoria last winter? Oof!
Coinglass got in on the fun too, pointing out that, surprisingly, getting giddy and buying at the top hurts. Who could’ve seen that coming?
📊 Are Top Buyers in Profit or Pain?
Comparing current prices to the cost basis of euphoric buyers (Dec ‘24–Jan ‘25) reveals mid-term sentiment:
🟣 SOL: $146 → 28% loss 🟥
⚫ XRP: $2.14 → +11% profit 🟩
🔵 ETH: $1.8K → -36% loss 🟥
🟠 BTC: $95K → -1% loss 🟥
📉 Price…
— glassnode (@glassnode) May 6, 2025
Right now, BTC, ETH, and SOL are parked in the “red zone”—they’re losing at a pace that would impress even the New York Jets. Over the past week, declines of 0.18%, 1.53%, and 2.82%. Nothing says “financial security” like bleeding percentages. XRP dropped 6.39% itself, but somehow buyers are still ahead. It’s like everyone’s driving off a cliff, but the XRP car inexplicably found a ramp.
Ethereum and SOL are especially bad. Down 28% and 36%. These numbers aren’t “setbacks,” these are “time-to-question-all-life-choices” moments. Meanwhile, Bitcoin is trying to pretend nothing’s wrong—hovering at a loss of just 1% from a $95K cost basis. “I’m fine, this is fine,” says Bitcoin, clutching its coffee in a burning house. ☕🔥
Sure, hope is still alive. Maybe there’s some ridiculous rally around the corner and everyone gets to sell at the top (again!). And maybe I’ll finally get service that understands what “lightly toasted” means. But let’s get real: these metrics? Not exactly the stuff of bedtime stories. Unless you like horror stories. 😬
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2025-05-07 04:27