$XRP Ripple (XRP) witnesses a historic record in the number of "whales" (large investors), with the number of wallets holding more than one million XRP reaching 2,700 wallets.
This achievement represents the highest recorded number in XRP's history for over a decade, indicating strong confidence from large capital holders in the cryptocurrency. According to data from the Grok platform, each of these wallets is worth over $2.21 million in XRP at current prices.
Network activity has also surged significantly, with the average number of active addresses daily exceeding 295,000 addresses over the past week, far surpassing the monthly average of between 35,000 and 40,000 addresses.
This increase in currency concentration and network activity coincides with important announcements, such as Purpose Investments' plan to launch an exchange-traded fund (ETF) for XRP on the Toronto Stock Exchange on June 18, and companies like VivoPower's decision to add XRP to their reserves, while global demand for XRP ETFs is also rising.
These developments indicate a growing institutional interest in XRP and an expansion of its use cases🤔🤔.