- Only XRP holders are in profit, while ETH, SOL, and BTC mid-term buyers face losses.
- Market weakness persists as declining prices and reduced trading volume signal prolonged consolidation and investor caution.
- Analysts warn of potential sell-offs if prices stay below mid-term holders’ purchase levels.
A recent post from on-chain analytics platform Glassnode has shown that only XRP buyers are currently in profit among the buyers of major cryptocurrencies. The analysis compared current coin prices to the cost of purchase by buyers between December 2024 and January 2025.
The chart shows that only XRP buyers have made a positive return on their investment. With a current price of $2.14, holders who bought XRP in late 2024 have made 11% gains on their investments.
Source: Glassnode
Mid-Term XRP Holders Escape Crypto Slump
The result is important, given that there have been consolidation and increased volatility in the crypto market in recent months. In contrast to XRP, other top cryptocurrencies haven’t performed well.
For instance, Solana (SOL)’s current price of $146, shows that it is down 28% from its price during the period mentioned above. Meanwhile, Ethereum’s (ETH) price decline is worse than SOL’s.
Its current price of $1,800 shows a 36% loss for buyers between December 2024 and January 2025. Bitcoin’s (BTC) loss is the smallest compared to ETH and SOL. It is down 1% from its purchase price of $95,000 during the period under review.
The data provided a deeper understanding of “top buyers.” they are those who enter the market when crypto asset prices are near or at all-time highs. Usually, this group of buyers display signs of financial pressure when the current prices of the crypto assets drop below their purchase prices.
Should the price weakness continue, this group can go on a massive selling activity. Glassnode explained that a sign of broader market weakness is when the prices of digital assets remain below their purchase price for those who have held such assets for three to six months.
Trading Volume Dips as Crypto Market Cap Falls
This price drop is a sign of a more cautious stance or a drop in interest in the token among investors. In addition, it suggests that consolidation phases may be longer before the market returns to an uptrend.
Meanwhile, analysts suggest that the performance of these top cryptocurrencies within the next few weeks would provide insights into broader market direction. The total crypto market cap is currently $2.92 trillion, down 1.05% in the last 24 hours, based on CoinMarketCap data.
Also, its trading volume is down 5.46% within the same period. But it’s still strong at $66.15 billion.