As the crypto market turns green, whales are also becoming active. Especially in the case of XRP, these large holders are remarkably eager. Recent data from blockchain analytics platform Santiment shows that this group has bought more than 380 million XRP in the past ten days, indicating growing confidence in the future of the digital currency. Growing accumulation of XRP by whales
A closer look at the data reveals that investors holding between 10 million and 100 million XRP increased their total wealth from 6.78 billion XRP to over 7.17 billion XRP. Most of the purchases occurred on September 6, when XRP’s price dropped to around $0.50. In the days that followed, the price increased significantly. At the time of writing, the price is trading at $0.59, an increase of around 18%.
Equaling the record
Current XRP holdings among whales are nearing a new high. The previous record of 7.2 billion XRP was reached in August, shortly after Judge Analisa Torres’ ruling. The verdict, which fined Ripple $120 million, was well-received by XRP enthusiasts. This fine was significantly lower than the original demand from the U.S. Securities and Exchange Commission (SEC) of $2 billion.
Crypto Expert Reveals Significant XRP Purchases
Max, founder of Because Bitcoin and an influential voice in the crypto community, recently acquired significant amounts of XRP. This came as a surprise, as he previously had no interest in the coin. In a post on X (formerly Twitter), Max explained that his decision was based on XRP’s technical chart, which he sees as showing a lot of potential.
Source: https://newsbit.nl/whales-blijven-xrp-kopen-accumulatie-richting-recordhoogtes/
