Whales Galore! XRP’s 12-Year Journey to the Deep End of the Wallets 🐋💰

What to know:

  • Behold! The number of XRP whales has surged to life-time highs, as if they were auditioning for a reality show.
  • Meanwhile, the cryptocurrency has gained a modest 7.5% this year—talk about a slow dance! 💃

In a twist of fate that would make even Chekhov chuckle, the number of whale wallets holding large amounts of XRP has reached a record high. It seems confidence in this cryptocurrency’s price prospects is swimming strong.

“There are now over 2,700 whale & shark wallets holding at least 1M XRP for the first time in the asset’s 12 plus year history,” declared the blockchain analytics firm Santiment on X, as if announcing the arrival of a new season of a soap opera.

Additionally, the amount of active XRP addresses has averaged over 295,000 per day over the past week—significantly higher than the average of 35,000-40,000 over the past three months. It’s as if everyone suddenly decided to throw a party and forgot to send out the invites! 🎉

XRP, the payments-focused cryptocurrency used by the fintech company Ripple to facilitate cross-border transactions, is currently trading flat around $2.23. This represents a 7% gain for the year, according to CoinDesk data. Not exactly a rollercoaster ride, but hey, at least it’s not a total flop!

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2025-06-17 10:14