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XRP whales add tokens as small holders cut back
Santiment data show mid-size wallets holding 100,000 to 100 million XRP added 2.8% over five weeks, while the smallest wallets lost 5.2%.
CoinDesk reports XRP’s on-chain activity is showing a split between larger holders and small investors, with whales adding more tokens over the past five weeks as smaller wallets cut back.
According to Santiment data cited by the outlet, wallets holding between 100,000 and 100 million XRP increased their balances by 2.8% over the period.
During the same five weeks, the smallest wallets shed 5.2% of their holdings, even as the token rebounded from about $1 at the end of June to $1.16.
CoinDesk also notes that the accumulation pattern has historically coincided with further gains, pointing to the divergence between “key stakeholders” buying and retail wallets capitulating.
Latest closeXRP $1.135 ▼0.6%