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Crypto

XRP Whales Hoard Over 4.6B Tokens Amid Price Dip

Guavy AI Editorial Team
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XRP
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XRP whales have been buying up tokens during the altcoin's price dip, increasing their large-holder balances to a record 12.13 billion XRP.

This accumulation of approximately 4.63 billion XRP tokens occurred between mid-August and September, when XRP's price declined from its July peak.

Data shows that these whales withdrew coins from exchanges, indicating a move to self-custody rather than selling, which is often seen as a bullish sign for the market.

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