coindesk.com
The number of whale wallets holding large amounts of $XRP
$XRP$2.24
has increased to a record high in a sign of confidence in the cryptocurrency's price prospects. "There are now over 2,700 whale & shark wallets holding at least 1M $XRP for the first time in the asset's 12 plus year history," blockchain analytics firm Santiment said on X.
Additionally, the amount of active $XRP addresses has averaged over 295,000 per day over the past week, significantly higher than the average of 35,000-40,000 over the past three months.
$XRP is the payments-focused cryptocurrency used by the fintech company Ripple to facilitate cross-border transactions. As of writing, the cryptocurrency traded flat around $2.23, representing a 7% gain for the year, CoinDesk data show.