XRP Whales Bet Big on Cryptocurrency Amid Price Slump

XRP's mid-tier whales have been quietly accumulating significant amounts of the cryptocurrency despite its market price tumbling by 43% this year. According to data from 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 an additional $1.28 billion in value at the current price of approximately $1.04 per token. The number of these wallets also grew from 301 to 313, indicating that new players are entering this accumulation tier.

In contrast, the largest whales, those holding between 100 million and 1 billion XRP, have been net sellers, offloading 300 million tokens over the same period. Meanwhile, wallets holding 1 million to 10 million XRP added 260 million tokens, showing a broader pattern of accumulation among smaller but still substantial holders.

The divergence between mid-tier whales and the largest holders is a notable development. Historically, accumulation by smaller whales often signals that an asset is undervalued, while selling by mega-whales can indicate profit-taking or a shift in portfolio strategy.