🚀 XRP Futures Hit Record $11B 📊 Despite $70M Whale Move 🐋 | Institutional Bets Surge
⏱️ XRP’s bullish momentum is accelerating—even in the face of a massive whale transaction—marking a sharp return of institutional confidence and sector-wide optimism.
🔍 Key Highlights:
📅 July 19: Blockchain tracker Whale Alert flagged a 20.5 million XRP transfer (worth $70+ million) from an unknown wallet to Coinbase, sparking speculation of possible sell-off activity.
💪 Price Reaction: Despite this, XRP held firm, surging ~25% in a week, nearing its 2018 all-time high.
📈 XRP Futures Open Interest Soars:
💼 Open Interest in XRP perpetual futures has exploded past $11B, according to CoinGlass—equaling roughly 3.1 billion tokens.
🏦 Bitget leads the pack with over 20% share (~$2.2B), followed by a record $630M in CME futures, highlighting rising institutional demand.
📊 This eclipses the previous high of $8B set in January ahead of U.S. election hype.
🌐 Broader Crypto Recovery & Regulatory Easing:
📈 The entire crypto market is rebounding, with total market cap surpassing $4 trillion.
✅ Regulatory clarity in the U.S. and developments like the Ripple–SEC resolution and XRP Ledger upgrades are reigniting investor enthusiasm.
🧠 Investor sentiment is improving as institutions increase exposure not only to XRP spot but also to its derivatives markets.
🔮 Bottom Line:
XRP’s resilience and derivatives growth suggest the asset is cementing its position alongside Bitcoin and Ethereum as a top institutional play—even amid large whale movements.