Tuesday, January, 21, 2025

XRP Whales Added 1.53 Billion Coins as Holdings Reach 74.1% Share

Santiment data shows XRP whales added 1.53 billion coins as their combined holdings climbed to 74.1% of supply.
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • XRP whales accumulated 1.53 billion coins during six months period.
  • Millionaire wallets now control 74.1% of XRP’s total supply.
  • XRP gained 4.8% as improving sentiment boosted investor confidence.

Over the past six months, investors with the biggest positions have been buying more XRP in the network, owning an additional 1.53 billion tokens. Although the market has been volatile lately, blockchain analytics firm Santiment reported that wallets holding at least one million XRP have been constantly accumulating, making up 74.1% of the cryptocurrency’s total supply.

Despite the times of XRP’s weakness, Santiment reports that million dollar wallets kept on buying even more XRP. The data showed no loss of confidence from big investors in the asset, but the sentiment of the market was slow during the majority of the year. Rising percentage of ownership is not the subject of a burning gauge and is under the radar because whale actions are likely to be the indicator for long-term market expectations. Therefore, traders remain tuned in to see whether these big investors stick with the accumulation method in the next few months.

Also Read: Ripple Exec Says Banks Prefer Experienced Firms for Crypto Expansion

Whale Ownership Climbs Above 74%

According to Santiment’s latest chart, the number of whales who are holding XRP has risen from approximately 73.7% of the total supply six months ago to now 74.1% of the total supply. Though it seems like a small percentage increase, in the context of the network’s large circulating supply, it’s quite a significant amount of XRP.

During that time, the number of coins in millionaire wallets rose by another 1.53 billion, further boosting the power of these wallets. Significant among these purchases was one made while XRP was selling at a lower price than it had seen before, indicating that these large investors believed that the lower price was a good opportunity to buy more.

In addition, accumulation occurred on several market fluctuations. Whale wallets topped up their cash slowly, whereas people who withdrew cash did so when the situation was not clear. This is because big investors tend to focus more on the general market sentiment and less in terms of the day to day market fluctuations and it is this sentiment that is generally regarded as a measure of conviction in the market.

Ripple’s Expanding Utility Supports Confidence

There are also reasons to believe that more whales will be piling in, as Santiment pointed out, because at the same time Ripple’s ecosystem is growing. The company has continued to expand its payment system and is striving for broader financial institutions penetration.

Moreover, the tokenization movement is also accelerating on the XRP Ledger, attracting the interest of companies exploring blockchain-based financial services. The long term investment rationale of the network has been enhanced by the growth activity in this direction. These advancements have enabled the market to sustain its investors’ interest even in times of volatility within the digital asset industry.

XRP Records Daily Gains

This is not to mention that XRP is also playing a significant role in the market recovery of cryptocurrencies. The digital asset is trading for USD 1.28 at the time of this writing, 4.8% up in the past 24 hours. Traders were pleased with news that the US-Iran conflict is over, easing uncertainty in the markets, Santiment reported. Sentiment turned positive and buying activity picked up across all leading cryptocurrencies, including XRP.

Last but not least, according to Santiment’s new research, the wallets of millionaires are gradually increasing their exposure to XRP. If you’re looking for an understanding of the asset’s long-term direction, you should still take into account these holders’ accumulation activity because they now hold 74.1% of all the supply.

Also Read: IREN Adds 490MW of Power With Strategic Spain Data Center Acquisition

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