XRP Ledger Activity Plunges 80%, Raising Institutional Withdrawal Fears
Welcome to the Daily for February 12, 2026. ☕️
Hello Cointribe! 🚀
What’s up, crypto fans! 🚀 It’s Thursday, February 12, 2026—here’s a quick snapshot of the top crypto headlines from the past 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☀️ Sunny
24h crypto recap! ⏱
📱 Beast Industries Acquires Step to Expand Teen Fintech Strategy
Beast Industries has acquired fintech company Step, strengthening its position in youth-focused financial services. Step, known for offering banking solutions tailored to teenagers, will integrate into Beast’s broader digital ecosystem. The move signals growing interest in financial products designed for younger users, combining media reach with fintech capabilities. Executives highlight opportunities to expand educational tools and payment services while maintaining regulatory compliance in an increasingly competitive sector.
👉 Read the article
📈 Bitcoin Near $60,000 as K33 Signals End of Capitulation
Bitcoin’s return toward the $60,000 level coincides with analysis from K33 suggesting that the recent capitulation phase may have concluded. The firm points to stabilizing on-chain indicators and reduced selling pressure among short-term holders. Market observers note improved sentiment as volatility eases following recent declines. While uncertainties persist, the data indicates a potential shift in momentum, prompting renewed attention to liquidity conditions and investor positioning.
👉 Read the article
💎 Ethereum Holders Increase Accumulation Amid Price Decline
Ethereum’s price decline has coincided with renewed accumulation among long-term holders, according to recent on-chain data. Analysts observe increased wallet activity suggesting strategic positioning despite downward market pressure. The trend indicates confidence among certain investor segments even as volatility persists. Market participants are closely monitoring liquidity flows and derivatives positioning to assess whether accumulation can stabilize price action in the short term.
👉 Read the article
⚠️ Phantom Faces Scrutiny After Address Poisoning Incident
Crypto wallet Phantom is under pressure following an address poisoning attack that affected users. The incident involved malicious transactions designed to trick individuals into copying fraudulent wallet addresses. Security concerns have intensified as users report losses linked to the scheme. The case highlights broader vulnerabilities in wallet interfaces and user practices. Industry observers emphasize the importance of verification tools and enhanced security awareness.
👉 Read the article
🌍 XRP Community Day Brings Together Users Across Continents
XRP Community Day gathered participants from multiple continents, highlighting the global reach of the ecosystem. The event featured discussions, local meetups, and online exchanges focused on adoption, development, and community initiatives. Organizers emphasized collaboration between developers, investors, and advocates to strengthen engagement around XRP-related projects. The coordinated celebrations illustrate the network’s decentralized structure and growing international presence, as supporters seek to expand visibility and reinforce connections within the broader digital asset landscape.
👉 Read the article
🚀 Crypto of the Day: Uniswap (UNI)
UNI Surges on BlackRock Move, Faces Key $4 Test
Uniswap (UNI) is back in the spotlight after a dramatic market reaction tied to BlackRock’s latest move into decentralized finance. The asset manager enabled DeFi trading of its BUIDL fund through Uniswap and disclosed plans to purchase an undisclosed amount of UNI tokens. Traders responded immediately.
Within 30 minutes, UNI surged more than 40%, while trading volume spiked over 200%. The token briefly touched the $4 mark before momentum cooled. At the time of writing, UNI has retraced to around $3.48, though it remains up more than 4% over the past 24 hours.
Rally Fades as Price Meets Resistance
Although the spike grabbed attention, the broader technical setup tells a more cautious story. UNI is still trading below its 20-day simple moving average near $4.03, which aligns with the middle Bollinger Band. That level now acts as immediate resistance.
The pullback from $4 suggests that sellers are still active on strength. Until price reclaims and holds above this zone, the larger downtrend remains intact.
Indicators Suggest Oversold Conditions
Momentum indicators show signs of strain. The Relative Strength Index (RSI) is hovering around 32, just above oversold territory. This indicates that UNI has experienced sustained selling pressure in recent weeks, though downside momentum may be slowing.
Price is also trading close to the lower Bollinger Band near $2.91. When assets hug the lower band, it often reflects heavy bearish pressure, but it can also precede a short-term relief bounce.
Key Levels to Watch
For bulls to regain control, UNI needs a decisive move above $4. A sustained break could open the door toward $4.50. On the downside, failure to hold current levels may expose the $3.00–$2.90 support zone once again.
For now, UNI sits at a technical crossroads, balancing fresh institutional interest against a still-fragile chart structure.
📊 Real-time Performance (CMC)
💵 Current Price: $3.36
📉 24h Change: 4.35%
💰 Market Capitalization: $2.13B
🏅 CoinMarketCap Rank: #34
🪙 Circulating Supply: 634.23M UNI
📊 Trading Volume (24h): $1.07B
🧠 XRP Ledger Activity Plunges 80%, Raising Institutional Withdrawal Fears
📉 On-Chain Activity Collapses Sharply
The XRP Ledger has seen a dramatic 80% decline in on-chain activity compared with recent peaks, according to tracking data on payment volume and transactions. Rather than a technical glitch, this plunge reflects a drying up of transactional demand, suggesting that larger flows—likely from institutional actors—have cooled significantly.
This drop comes even as broader market events like XRP Community Day and ETF releases have generated buzz, making the sharp retreat in ledger usage a notable contrast to sentiment or market narratives. The article highlights that the pace of decline matters more than the raw numbers because a sudden fall in large flows creates a pronounced statistical effect even if smaller retail usage remains somewhat stable.
🔍 Key Signals Behind the Activity Drop
Network transactional demand evaporates: On-chain payments and connected activities have fallen roughly 80% from recent peaks, not due to outages, but because large flows have diminished.
Institutional participation appears to retreat: Crypto ETF inflows and other on-chain footprints tied to big players are either weaker or inconsistent, fueling the narrative that institutional capital is cooling.
Price structure shows fragility: XRP has struggled around key zones like ~$1.35–1.40 after breaking lower, with moving averages still sloping down and rebounds quickly sold.
Off-chain flows muddy interpretation: ETF entries or institutional interest might still occur off-chain, meaning activity metrics could understate real investment—but the ledger’s lull remains a stark on-chain signal.
📊 What This Slump Suggests for XRP
The collapse in on-chain activity reflects more than a cyclical slowdown. Because the XRP Ledger often depends on large transactional flows and institutional settlement for its usage metrics, a sustained 80% decline raises questions about where demand is actually coming from. If institutional players are reducing on-chain operations or shifting to off-chain mechanisms (e.g., settlement via custodial rails or internalized ETF liquidity), then the ledger’s economic activity will appear flat even if underlying capital movement exists.
At the same time, price action and sentiment can quickly latch onto simplified narratives like “institutions are leaving,” which can feed further caution among traders and holders. The article points out that a reversal is possible—the XRPL has bounced before when flows return—but the timing of such a return remains uncertain.
🧠 The Larger Implication
This episode underscores a growing disconnect between on-chain usage metrics and broader market interpretation. In ecosystems where institutional involvement shifts between on-chain and off-chain mechanisms, relying solely on ledger activity can present an incomplete picture. For XRP, aligning technical demand, clearer flows, and a resilient price structure will be key to reshaping the narrative from one of withdrawal to one of sustained engagement.
