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- A record 277,620 XRP wallets now hold over 10,000 tokens, indicating increased participation from major investors and whales.
- XRP’s price jumped 25% in two weeks, hitting $0.6, fueled by heightened trading and market activity.
- Large XRP investors made over 255 transactions valued at $1 million, marking a three-month high in October.
XRP has witnessed a resurgence in both its price and investor activity. A recent surge has propelled the number of XRP wallets holding at least 10,000 tokens to an all-time high of 277,620, indicating a significant uptick in participation from major investors and whales within the XRP community.
Over the last two weeks, XRP’s price has surged by an impressive 25%, catapulting it above the $0.6 mark for the first time since August. This resurgence has been driven by heightened trading and market activity, as evidenced by a 57.66% increase in XRP’s 24-hour trading volume. In the last 24 hours alone, an astonishing $2.19 billion worth of XRP tokens changed hands, underlining the renewed interest in the cryptocurrency.
What makes this surge even more significant is the concurrent increase in large XRP investors’ involvement. According to data from the reputable market tracking platform Santiment, the number of crypto addresses holding 10,000 or more XRP tokens has reached an all-time high.
📈 #XRP revisited a $0.60 market value for the first time since its tumble back on August 16th. Along this road back, we have seen whales get gradually more involved. Additionally, there are now an #alltimehigh 277.62K wallets holding at least 10K $XRP. https://t.co/lGs6YO51qw pic.twitter.com/4tuffNXNcx
— Santiment (@santimentfeed) November 1, 2023
Santiment’s data also reveals that XRP whales, those controlling significant amounts of the cryptocurrency, have become more active in recent days. Notably, large XRP investors have conducted over 255 transactions valued at $1 million each, marking a three-month high for such high-value transactions in October. This renewed activity from XRP whales is a clear sign of their renewed confidence in the cryptocurrency’s potential.