Recent data from CoinMetrics reveals a significant drop in XRP wallet activity over the past week, marking a 10.77% decline – the largest among major altcoins, only behind Ethereum’s slight decrease. Bitcoin, the world’s leading cryptocurrency by market capitalization, has also experienced a 1.16% dip in activity. Conversely, Chainlink (LINK) saw a 5.45% surge in wallet activity, while Cardano’s (ADA) witnessed minimal growth of just 0.41%. However, XRP has shown a remarkable 25.5% increase in transaction count. Meanwhile, Bitcoin’s activity has declined by 7%. Interestingly, XRP also experienced a substantial spike in futures volume (+130%), reflecting the increased market volatility. However, its open interest declined slightly by -1.42%. The cryptocurrency market witnessed a significant correction last week due to broader global market instability. This correction resulted in XRP underperforming other major cryptocurrencies, with its market cap dropping more than 13%.