XRP whales increase holdings, marking the highest accumulation since mid-2018.
Wallets with large XRP holdings show increased accumulation, signaling renewed investor confidence.
Elon Musk’s comments sparked a sharp XRP price surge, driving renewed interest in the asset.
Large holders of digital assets, termed whales, have accumulated a significant amount of XRP, reaching a combined total of 45.61 billion tokens—the highest since June 2018.
Data from Santiment shows that wallets holding 1 million XRP or more have added 3.44 billion XRP to their holdings, an 8.16% increase over the past two years. This accumulation trend, alongside XRP’s recent 40% price increase, suggests growing confidence among high-net-worth investors.
XRP Price and Whale Activity
XRP’s price hit a four-month high this past week, climbing above $0.77 as large holders increased their positions. This surge coincides with increased activity from whales and sharks, who have collectively boosted their holdings to a 65-month high.
Read also: Is XRP Poised for a Breakout? Whales and Market Data Say Yes
Additionally, analysts have noted a strong connection be…
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