XRP Whale wallets rise to 343,500 as price drops 30% in 7 weeks

The accumulation of large XRP holdings has continued to gain momentum despite the token’s significant recent price declines. According to Santiment Intelligence, the number of wallets holding more than 10,000 XRP has increased for nine consecutive months, reaching approximately 343,500. This trend reflects a 5.15% rise over the past nine months, suggesting a growing concentration of XRP among major holders even as overall market conditions remain challenging. XRP, the cryptocurrency associated with Ripple , has experienced a sharp pullback. Over the past seven weeks, XRP has lost close to 30% of its value, including an 18.75% decline in the last week alone. These losses have come amid a broader market downturn that has affected multiple digital assets.

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