During the past six months, the whale count of Ripple (XRP) has surged high significantly, according to the data from Santiment. The number of wallet addresses holding at least 100k, 1 million, and 10 million in XRP increased over this time period. This shows that investors have continuously been accumulating XRP.
According to Santiment, the number of wallet addresses containing 100,000 XRP to 1 million XRP increased from 14,525 to 17,387. This represents an increase of more than 19.7 percent. Moreover, Ripple’s number of wallet addresses with a balance of 1 million XRP to 10 million XRP surged high by over 2.2 percent rising from 1,307 to 1,336. While on the other hand, wallet addresses having at least 10 million XRP or more increased from 280 to 309 since the month of April. This means that cryptocurrency whales have been purchasing more and more XRP since April.
Investors have gone for the accumulation of XRP because the price value of the fourth-ranked digital currency has been trading in the consolidation phase. During the past few months, XRP mostly traded in the range between $0.23 and $0.25. Recently, it surged high to reach $20.26 but could not sustain there and dropped down. Due to this rejection, the price value of the coin has once again entered into this phase. At the time of writing, the price value of XRP is trading at around $0.23 with a change rate of -0.76 percent in the last 24 hours.
Also read:On the other hand, Santiment’s data shows that whales have also been busy in accumulating LINK the native digital currency of Chainlink. Over the course of the past year, the top 100 non-exchange wallet addresses have gathered more than 34 million tokens in their wallets. This indicates that the fundamentals of Chainlink have been improving in recent times.
Santiment said, “if this isn’t the depiction of steady accumulation for #Chainlink’s top 100 non-exchange whales in the past year, we don’t know what is. $LINK’s offline increase in tokens at this rate truly shows confidence in the asset from those with most at stake.”
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