Recent on-chain data reveals a significant increase in 'Hot Capital' within the XRP network, as discussed by Glassnode. This surge in Hot Capital, representing the capital reserve influx over the past week, is a key indicator of speculative activity. The Realized Cap model, measuring a cryptocurrency's total valuation based on the spot price of its last transaction, highlights this influx. XRP's Hot Capital saw a notable rise, reaching $2.17B from $0.92B in a week, indicating growing speculative interest. Similar trends were observed in Bitcoin, Ethereum, and Solana, with varying degrees of Hot Capital growth. Despite these increases, the overall Hot Capital levels remain below previous highs, suggesting that speculative activity has not fully recovered. Solana stands out as the closest to pre-recovery levels. XRP, after briefly crossing $2.30, experienced a slight pullback to $2.17. Read more AI-generated news on: https://app.chaingpt.org/news