The number of active XRP addresses was 295,000 per day last week, compared to an average of 40,000 per day over the last three months.

The XRP community has reached an impressive milestone: a record number of whales, with 2,700 blockchain addresses holding at least 1 million tokens, equivalent to $2.2 million at the moment. This is the largest number of whales in the 12-year history of the blockchain.

The figures were presented by Santiment, a platform that analyzes metrics in the crypto market. Another point highlighted by the firm is the number of active XRP addresses: there were 295,000 per day last week, a quantity many times greater than the average which ranged around 35,000 to 40,000 over the last three months.

See below the chart shared by Santiment showing the on-chain data:

Recently, Ripple, the company that created the blockchain with XRP as its native token, received good news that has been boosting the growth of the network and the cryptocurrency.

In May, the company and the US Securities and Exchange Commission (SEC) officially ended a legal process that had been dragging on for more than four years, since the regulatory body decided to sue the company.

It was agreed that Ripple and two of its executives — CEO Brad Garlinghouse and Executive Chairman Chris Larsen — will pay a total of $50 million to the SEC to settle the case, according to the announcement. However, the conclusion of this agreement still needs to be authorized by the courts.

At the end of May, the SEC confirmed that it had begun an analysis of the WisdomTree XRP Trust. This is an index fund filed by the Cboe BZX Exchange and marks the first formal SEC analysis of a spot XRP ETF in the US.

The information was revealed after the SEC published a notice on May 27 under disclosure number 34-103124, stating that the entity has begun a more detailed assessment of the application. The Commission has up to 240 days to approve or reject the registration. If approved, the product would be the first spot XRP ETF in the United States.

XRP is currently trading at $2.15 at the time of this report, down 8% in the last 30 days. However, the annual result is still extremely positive: a 338% appreciation in the last 365 days. The data is from Coingecko.