Second-Largest XRP Accumulation in the Last 5 Years in Progress. Are Whales Getting Ready for Ripple-SEC Lawsuit Success?

[solodeji]

According to recent data provided by the on-chain data analytic firm Santiment, crypto whales have been on the XRP accumulation spree since the beginning of the year, representing the second-largest accumulation of the cryptocurrency since its emergence. This seems as an indication that whales are being optimistic of a favorable outcome in the ongoing lawsuit between Ripple and the SEC.

According to Santiment, the current accumulation of XRP by whales is the second-largest in the past 5 years. Based on the report, 336 XRP Network addresses are currently holding 10 million XRP or more.

The firm noted that most of these wallets likely belong to exchanges, but it’s very unusual, indicating a growing interest in holding the embattled cryptocurrency resolutely.

Santiment tweeted, “The second largest XRP accumulation in the past 5 years by top tier whales is in progress. There are currently 336 XRP Network addresses that hold 10M XRP or more. Many of these undoubtedly belong to exchanges, but this is still a notable anomaly.”

https://timestabloid.com/2nd-largest-xrp-accumulation-in-5-years-in-progress/