XRP Whales Hoard 72M Tokens Amid Speculation of Bull Rally
XRP whales have made significant purchases in the past 24 hours, accumulating over 72 million tokens. According to on-chain data, this sudden increase in large-wallet activity has sparked speculation about a potential bull rally for XRP.
The accumulation event is notable because it involves a large amount of coins being removed from liquid circulation if held off exchanges. This could potentially reduce the supply overhang that has made previous XRP rallies difficult to sustain.
However, token movements between whale wallets or internal exchange transfers can inflate the apparent purchase count without changing market exposure. Therefore, on-chain analysts are cautious in interpreting this signal and consider it a divergence from shallow rallies often seen when there is broad market leverage.
The accumulation event may also be influenced by policy clarity regarding XRP's regulatory classification in the US, which remains unsettled. The signal fits into a broader context of altcoin leadership rotating through smaller names, with recent gainers including TON and VVV.