XRP Whales Reach Milestone Not Seen Since 2022

XRP's largest holders have reached a major accumulation milestone, with their share of the cryptocurrency's supply climbing to its highest level in nearly four years, according to on-chain analytics firm Santiment. In its latest update, Santiment revealed that wallets holding at least 10 million XRP now collectively control approximately 46.87 billion tokens. This represents roughly 68.5% of the supply under the firm's tracking methodology, marking the highest concentration among these massive holders since November 2022. The development is particularly notable given XRP's lackluster price performance. Despite continued accumulation by major stakeholders, the Ripple-affiliated cryptocurrency has struggled to establish a convincing recovery, trading near the $1.30 mark.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to U.Today.