XRP Whales Step In as ETFs Exit at $1

A significant redistribution of XRP supply is underway as large long-term investors continue to increase their positions at the $1 level.

This trend has led to a continuous phase of accumulation, with whales adding another 72 million XRP over the past 24 hours, according to on-chain analytics platform Santiment.

Their combined balances have reached 12.18 billion XRP, while the number of wallets holding more than 1 million coins has increased by 32 in recent months.

In contrast, inflows into spot XRP ETFs have stalled, with a total of $3.27 million attracted during the first half of August, and zero net flows on Aug. 10, 11, and 12.