XRP Whales Continue to Accumulate Despite Market Cap Collapse

XRP's market capitalization has declined by approximately 29% over the past three months. However, despite this significant drop in value, a growing number of large XRP wallets have increased their holdings to at least 1 million tokens.

According to Santiment, 32 additional wallets have joined the group holding at least 1 million XRP during the period, indicating that some large holders are using periods of weakness to accumulate more tokens.

This divergence between wallet accumulation and market capitalization is attracting attention, suggesting that investor behavior may be changing beneath the surface. The increase in large wallets could indicate that certain investors remain confident in XRP's longer-term prospects, despite its current market performance.