Editor's PiCK
[Analysis] "Ripple(XRP) Whales and Individual Investors Purchased 670 Million XRP in the Last 3 Weeks...Approximately 2.3 Trillion Won in Size"
Summary
- Ripple(XRP) whales and individual investors have purchased approximately 670 million XRP over the past 3 weeks.
- This is the result of XRP reaching its highest point in 7 years since 2018.
- The price of XRP is trading at 2.38 dollars, up 26.3% compared to the previous day against USDT recently.
Both Ripple(XRP) whale investors and individual investors have been actively accumulating Ripple over the past three weeks.
On the 2nd, the data analysis company Santiment, through X (formerly Twitter), stated that "investors holding between 1 million and 10 million Ripple have accumulated 670 million XRP over the past three weeks." The accumulated Ripple amounts to 1.6 billion dollars (approximately 2.3 trillion won) in size.
Santiment added, "Recently, as both whale and individual investors show accumulation trends, Ripple's market price has reached its highest point in about 7 years since 2018." According to Santiment, the number of Ripple addresses that have not been emptied exceeded 5.5 million, recording the highest point in 8 years.
The XRP market price at 17:24 on this day, based on Binance USDT market, is trading at 2.38 dollars, up 26.3% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
