Ripple’s CTO Develops Custom XRPL Monitoring Tool Amidst XRP’s August Rally Challenges
Main Idea
Ripple's CTO David Schwartz is developing a custom XRPL monitoring tool to enhance performance tracking, while XRP faces significant liquidation challenges and SHIB experiences a notable outflow spike.
Key Points
1. Ripple’s CTO David Schwartz is creating a custom XRPL monitoring tool to support platforms like rrdtool and Cacti, utilizing a high-performance server setup.
2. XRP experienced a 7,676% liquidation imbalance, indicating structural overexposure in long positions, with over $2.61 million affected.
3. SHIB’s outflow spike of +12,887% may be misleading due to a low base value effect rather than panic selling.
4. The monitoring tool is designed to handle multiple server connections efficiently, featuring a 9950X processor, 256 GB RAM, and a 10 Gbps unmetered link.
5. XRP’s market challenges and SHIB’s outflow spike highlight the complexities in the cryptocurrency market.
Description
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