XRP Whales Absorb 72M More Coins as ETFs Plummet Below $1B Net

XRP whales have continued their accumulation process, adding another 72 million tokens over the past 24 hours to reach a combined balance of 12.18 billion XRP.

This trend has been ongoing for several weeks, with whales accumulating more than 452 million tokens in total.

The influx of XRP has offset the decline in institutional interest, which pushed exchange-traded funds' net assets below $1 billion.

The price of XRP has remained near the $1 level due to the continuous buying by whales, replacing liquidity lost from ETFs and preventing a potential drop towards $0.90 and below.