According to data from the analytical platform Santiment, the number of XRP 'whales' — wallets containing at least 1 million tokens — has reached a record 2743. These large investors have accumulated 47.32 billion $XRP , which accounts for over 80% of the circulating supply. This growth, coinciding with a 26% spike in the XRP price to $2.8 in a week, is described by Santiment as a 'very positive signal' for the fourth-largest crypto asset by market capitalization.
Analysts note that the accumulation by 'whales' began even before the price increase, indicating strategic positioning ahead of significant events, such as the potential approval of an XRP ETF in the U.S. Trading volume surged by 109%, reaching $16.3 billion, with short position liquidations amounting to $31.44 million. Santiment also emphasizes that Bitcoin's stability above $110,000 contributes to an 'altcoin season,' which may further boost XRP.
For traders, this means the necessity of closely monitoring 'whale' activity through Santiment charts, as their actions often precede significant price changes. However, it is important to combine this data with broader market analysis to avoid false conclusions.
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