Why XRP’s the Only Winner While SOL and ETH Get Ripped Apart!

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Well, folks, here’s a sobering peek into the market, where the players are dropping like flies and only a few are still standing tall. The results of this wild ride aren’t pretty, but they sure do tell a tale of struggle, survival, and a lot of heartache. Let’s see who’s clinging to the lifeboat and who’s already sinking. 🎢

What the Buyers Are Feeling Right Now:

Solana (SOL)

  • Current Price: $146
  • Average Cost Basis: Whoops, it’s higher than that.
  • Pain Level: 28% down – so yeah, it’s hurting. 🩸

XRP

  • Current Price: $2.14
  • Only crypto in profit: +11% – Talk about a miracle! 🙏
  • Sentiment: Happy, sunny, and feeling like a champ.

Ethereum (ETH)

  • Current Price: ~$1,800
  • Pain Level: 36% loss – Ouch, that’s gotta sting. 🤕
  • Bearish vibes all around; recent buyers are sweating bullets.

Bitcoin (BTC)

  • Current Price: ~$95K
  • Slight dip – just below the euphoric buyers’ cost. Barely a scratch. 😅
  • Pain Level: -1% – Nothing to cry about, but still a dip.

What’s the Big Picture Here?

According to those lovely charts by Glassnode, the prices are looking pretty bleak for most. Seems like the 3-to-6-month holders are feeling the burn with their coins sitting below their buying prices. Many folks are underwater, and it’s a tough swim to shore. 🏊‍♂️

Now, historically, when prices consolidate below these mid-term levels, it’s a sign that the market’s fragile and pressure’s building. This could trigger more pain unless some brave buyers decide to jump in with some conviction. So, sit tight, folks, it’s gonna be a bumpy ride! 🎡

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2025-05-07 09:13