Increased XRP Accumulation Amid Declining Exchange Supply

On-chain data indicates a significant rise in XRP accumulation as the number of tokens held on exchanges continues to decline.



Santiment's data reveals that over the past 30 days, 20 new whale wallets, each holding between 1 million and 10 million XRP tokens, have emerged. Currently, there are 1,583 such whale wallets. Market intelligence data also shows a 208% surge in whale transactions, each valued at least $100,000, climbing from 159 to 489 unique transactions in the past day.



Despite the heightened whale activity, XRP's price remains stable, showing a modest 0.4% increase in the last 24 hours, trading at $0.478 at the time of writing. XRP’s market cap stands at $26.6 billion.



Additionally, daily XRP trading volume saw a 42% increase, reaching $770 million.



Santiment reports that XRP exchange inflow rose from 58.66 m


First found on: Coinatory news