XRP Whales Accumulate 72M Tokens Amid Price Weakness

XRP's largest holders have been accumulating tokens at an impressive rate over the past week. According to Santiment data, these whales acquired more than 72 million XRP in just 24 hours, valuing their holdings at $72 million.

This purchase brings the total amount of XRP held by large wallets above 8 billion, with a combined value of approximately $8.2 billion. The accumulation trend is not new, as these wallets have been steadily increasing their holdings over the past three months, with an additional 32 wallets now holding at least 1 million XRP.

The data highlights a growing gap between XRP's price performance and the behavior of its largest holders. Despite the token trading near $1, the whales continue to accumulate, which may indicate their confidence in the cryptocurrency's long-term prospects.