Bitwise Buys $19M in XRP as Whale Wallets Accumulate 1.54 Billion Units

XRP's price has gained momentum after Bitwise, a prominent crypto investment firm, acquired approximately $19 million in XRP within one day.

This significant purchase comes on the heels of other positive news for XRP. According to recent data, large-scale whale wallets have been accumulating XRP units at an unprecedented rate, with around 1.54 billion XRP units being purchased within a 96-hour window.

The surge in buying activity has also been reflected in the inflows on Binance, which have increased by a staggering 663% from its quarterly average, reaching an average of 21.7 million XRP deposits per day during the week ending September 20.