Mid-Tier XRP Whales Bet Big on Recovery Amid Price Slump

XRP's mid-tier whales have been quietly accumulating large amounts of tokens despite a sharp decline in price. According to Santiment, wallets holding between 10 million and 100 million XRP have increased their combined holdings by 1.23 billion tokens since January 1.

This represents a net gain of approximately $1.28 billion at the current price of around $1.04 per token. The number of wallets in this category has also grown, from 301 to 313, indicating that new players are entering this accumulation tier.

Meanwhile, the largest whales, those holding between 100 million and 1 billion XRP, have been net sellers, offloading 300 million tokens over the same period. Smaller wallets holding 1 million to 10 million XRP added 260 million tokens.