Hey there, my people! Look, hold on to your seats because I have something that is on fire in the crypto world. It turns out that XRP, that token that was a bit sleepy, has awakened with an energy you can't even imagine, and there’s a piece of information that has all of us wide-eyed.
Those at Santiment, who specialize in dropping the juiciest market data, gave us a tip that is a very positive sign: the number of wallets with at least one million XRP tokens (i.e., the 'whales' 🐳, the sharks that move the big money) has just hit an all-time high! We are talking about more than 2,743 wallets that have that amount or more. Crazy!
This is not just any little thing, my people. It’s a sign that the big players have tremendous confidence in this crypto. They are not only buying, but the total amount of XRP they hold is also rising rapidly, reaching about 47.32 billion tokens. That’s a lot of money and shows they are betting big.
And of course, with that movement, the price of XRP has skyrocketed. In the last seven days, it has risen by 26% and in the last 24 hours, by 10%! 📈 This made many who were betting that the price would drop (the "short sellers") lose a whopping 31.44 million dollars. Oh wow! That hit hurt.
Analysts from Santiment are saying that this, along with the surge in Bitcoin and Ethereum, could be the start of the famous "altcoin season" that many have been waiting for. It’s as if Bitcoin opened the door and the other cryptos rushed into the party. So, if you’re into this scene, stay alert! Because it looks like things are going to get interesting.
We’ll have to see if this pace continues, but for now, XRP is making waves and the whales are making it clear that they see a bright future for it. Are we on the brink of a new supercycle? Only time will tell.$XRP
