XRP Surge: Ripple Whales Increase Holdings Amidst Market Rebound
Ripple Whales' Buying Surge
In a surprising turn of events, Ripple whales have been purchasing more XRP following the recent crypto crash. The on-chain data from Santiment reveals that wallets with holdings between 1 million and 10 million XRP, as well as those holding between 10 million and 100 million XRP, have made significant purchases since February 24. In just one week, these wallets collectively added an impressive 440 million XRP, equating to nearly 1 billion USD.
Market Implications of Whale Activity
This growing activity among large players might signal strategic positioning for the next market upswing. Investors often watch whale movements closely, as they can indicate potential price trends. As trading volumes increase and confidence grows, the ripple effect could influence broader market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.