Hi Guys,
It's Big & Big #alert About $XRP #WhalesBuying 18% Gains !!!
Big Investors Accumulate 380M XRP in 10 Days as XRP Posts 18% Gains
Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high.
Specifically, on-chain data from Santiment shows that whales have accumulated over 380 million tokens in the past ten days. Renowned market watcher Ali Martinez brought attention to this development in a post on X.
Notably, these investors, who have been accumulating XRP over the past weeks, typically hold between 10 million and 100 million XRP. This move confirms that large investors see potential in XRP over the next few days or weeks.
The on-chain data from Santiment depicts a sharp rise in whale holdings. As the graph shows, these large investors have been accumulating XRP consistently in recent weeks.
As of the first week of September, when XRP’s price dipped to just above $0.505, these whales became bullish, increasing their holdings from just below 6.78 billion XRP to over 7.04 billion. This accumulation closely correlated with XRP’s market value.
Specifically, XRP’s price has risen from $0.5059 on September 6 to $0.5986 by September 14, representing an 18.32% increase in just eight days.
While XRP corrected slightly in the following days, whale holdings spiked once more, reaching 7.17 billion XRP as of Thursday.
Whales Holding XRP Near All-Time High
It is worth noting that these large investors’ current holdings of XRP tokens are nearing an all-time high, similar to the peak observed just seven weeks ago.
In the second week of August, whales accumulated XRP to a historic high, collectively holding approximately 7.2 billion tokens.
This surge in accumulation occurred shortly after the resolution of the Ripple lawsuit, which contributed to the increased interest in XRP.