XRP Hits 12-Year Milestone With Over 2,700 Whale Wallets Holding Over 1M XRP, Onchain Data Show

The variety of whale wallets holding giant quantities of XRP

has elevated to a document excessive in an indication of confidence within the cryptocurrency’s worth prospects.

“There are now over 2,700 whale & shark wallets holding at least 1M XRP for the first time in the asset’s 12 plus year history,” blockchain analytics agency Santiment stated on X.

Additionally, the quantity of lively XRP addresses has averaged over 295,000 per day over the previous week, considerably increased than the common of 35,000-40,000 over the previous three months.

XRP is the payments-focused cryptocurrency utilized by the fintech firm Ripple to facilitate cross-border transactions. As of writing, the cryptocurrency traded flat round $2.23, representing a 7% acquire for the yr, CoinDesk information present.