XRP whale wallets hit all time high despite price correction

Large XRP holders have substantially increased their positions even as the cryptocurrency’s value has declined, signaling a strategic accumulation phase among major stakeholders. Santiment, a well-known blockchain analytics platform, reported that the number of XRP wallets containing at least 1 million tokens has reached 2,147, marking the highest level seen this year on the XRP Ledger network. The surge in accumulation primarily occurred during a period of price correction, when XRP’s market price fell to $1.27. This influx suggests that new capital entered the market precisely as other investors may have been reducing exposure due to recent volatility.

Source: CoinTurk News