According to The Crypto Basic, the XRP Ledger is currently experiencing a massive surge in AccountSet transactions, with a 7,924% increase reported on November 23 compared to daily averages. On-chain data from XRPScan shows the spike began on November 20, with 30,474 transactions recorded, rising to 40,121 the following day. The activity has led to speculation within the community, with some suggesting institutional involvement, while others, like Eminence CTO Daniel Keller, argue that the need for so many accounts is unlikely. Validator Vet noted that BitGo previously caused similar spikes due to a faulty script.
XRP Ledger Sees 7,924% Spike in AccountSet Transactions
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