- Over the past 10 days, Ripple Whales amassed more than $228M in XRP.
- As whale XRP holds reach all-time levels, institutional interest like Grayscale’s XRP Trust adds to the market optimism.
The Ripple Whales have aggressively collected about 380,000,000 XRP coin in the past ten days. This is equivalent to approximately $228,000,000. This surge in significant purchases follows a price drop to $0.505, which appears to have prompted these powerful investors—who normally own between 10 million and 100 million XRP—to increase their stakes.
#Ripple Whales worth over 380 millions $XRP In the last 10 days, around $228 Million! pic.twitter.com/Fs9ayiHITA
— Ali (@ali_charts) September 19, 2024
Whale Holdings Soar Above 7,17 Billion XRP Signaling Market Optimism
The total XRP held by the whales has increased to over 7.17 trillion tokens from less than 6,78 billion. It is interesting to note that whale activity coincides with the recent spike in XRP prices. XRP went from $0.5059 per token up to $0.5986, an 18% rise, within just one week.
The time of the writing XRP The trading is at $0.5813Down 1.02% Over the past 24 hours. The market remains positive despite the fluctuations. XRP’s trading volume is currently $1.291 billion.
This confidence of big pockets investors, who often gather whales ahead of significant events on the market, suggests that there is a positive outlook for this token.
Grayscale XRP Trust’s recent launch has sparked interest among institutional investors and added to the excitement surrounding XRP. According to CNFIn just one week, NAV (Net asset value) of the trust increased by 11,44%.
The coin is in high demand among institutional investors, who are also accumulating coins.
As previously mentioned, the opposite is also true. highlightedSurfy’s South Korean platform allows cafes in the country to accept XRP payment via QR code, making transactions quick and easy. In the course of the test, Cafe Valer is a famous coffee shop located in Gangnam.
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