CandleFocus Big Investors Accumulate 380M XRP in 10 Days as XRP Posts 18% Gains
2024-09-20
Author: Content Editor
Prominent investors have been accumulating large amounts of XRP, with on-chain data showing that they have acquired over 380 million tokens in the past ten days. These investors typically hold between 10 million and 100 million XRP, indicating their confidence in the token's potential. This accumulation of XRP by whales closely correlates with an increase in its market value, with the price rising by 18.32% in just eight days. The current holdings of XRP by these large investors are nearing an all-time high. The resumption of whale accumulation raises questions about what is influencing their confidence in XRP this time. Notably, Grayscale has launched an XRP Trust, contributing to positive sentiment around the token.
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