XRP Whales Boost Holdings Despite 29% Market Cap Decline
XRP holders with at least 1 million tokens have been accumulating their holdings even as the market cap has fallen 29% since last year, according to Santiment.
A total of 32 new wallets holding over 1 million XRP have been added in the past three months, signaling concentrated accumulation by large holders.
This mixed but potentially bullish signal for price support, adoption, and liquidity comes as whales accumulate more of the cryptocurrency.