A noteworthy aspect is that data from Santiment shows that the price trend of XRP is seeing a little but significant uptick. Some of XRP’s most powerful holders, often known as “whales,” have been credited with working together to increase the currency’s value recently by about 4%.
A total of 221 addresses, each owning an amazing 10 million to 1 billion XRP, have emerged as major actors in this developing story, according Santiment’s measurements. These whales now boast a combined hoard of 16.13 billion tokens, valued at an astounding $8.71 billion.
Particularly noteworthy is the striking increase seen among addresses with 100 million to one billion XRP units, as seen on the graphic. These well-funded organisations saw an extraordinary growth on August 18 with the arrival of 1.01 billion XRP coins. They increased their total holdings to an astounding 11.03 billion XRP thanks to this exponential spike.
Smaller addresses, which contain between 10 million and 100 million XRP units, have had a significantly smoother trajectory of accumulation. These investors have steadily strengthened their stakes over a recent period, from August 13 to the present, accumulating a staggering 200 million tokens. Their combined holdings are now a substantial 5.08 billion XRP as a result.
It is clear that these accumulating tendencies and the token’s modest price rise are related. Despite the seeming modestness of the price increase—which was hovering around $0.43 per XRP—significant investors’ curiosity was undoubtedly piqued. This specific price level, which was reached after a recent upheaval on the overall crypto market, appears to have won the support of bigger investors as a relatively safe position for risk management.
