according to Santiment data, XRP has just recorded the largest realized losses since November 2022, with weekly realized losses reaching 1.93 billion USD, indicating concentrated panic selling among holders.

Note: Realized losses refer to losses that investors confirm and lock in when selling assets at a price lower than their purchase cost; in contrast, unrealized losses are only paper losses that are not counted in the statistics as they have not been sold yet. On-chain data showing a sharp rise in realized losses usually means a large number of holders are selling at a loss, reflecting concentrated stop-loss or "surrender selling" in the market, often accompanied by significantly weakened sentiment.