The number of crypto wallets holding at least 1 million tokens $XRP has reached a record level of 273 addresses. This coincided with a 26% increase in the altcoin's price over the past week.
Not only has the number of XRP 'whales' increased more than ever, but the total amount of tokens they own is also rising, analysts from the Santiment platform reported.
According to their data, large holders of altcoins currently own 47.32 billion XRP.
XRP is also showing signs of growth. This dual trend is a very positive signal for the fourth largest crypto asset, Santiment stated.
Over the past seven days, the price of XRP has risen by 26% and at the time of publication was $2.80, according to CoinMarketCap data. Just in the past day, the altcoin appreciated by 10%. This growth led to short positions in XRP being closed for a total of $31.44 million.
Other leading cryptocurrencies are also rising. Santiment stated that, judging by the indicators, the altcoin season has begun.
