Long-term XRP holders who kept their assets for more than 155 days recently withdrew 8.25 million XRP from their wallets, a 3.47% decline from about 238 million tokens. This move represents a 3.47% dip in “Hodler” positions, dropping the total from 238 million to close to 230 million tokens. Data shows that the largest holders, often called whales, are now aggressively buying XRP at prices between $1.20 and $3. Previously, these same high-net-worth players were focusing their accumulation in a much lower bracket, specifically between $0.30 and $1.30. This change in behavior suggests that the biggest players in the space are no longer waiting for deep discounts to build their stashes.
They have been continuing their accumulation for over a year. Whales accumulate only at the bottom before an uptrend begins. They have continued accumulating for more than a year, establishing an accumulation zone of $1.2–$3. This change in behavior suggests that the biggest players in the space are no longer waiting for deep discounts to build their stashes.
The market cap for the token currently sits at close to $82 billion. Daily trading volume has hit $1.45 billion, maintaining a market dominance of 3.50%. Analysts are watching these on-chain metrics closely to see if the whale activity can offset the selling pressure coming from the older accounts that are currently cashing out. The current price of $1.33 remains the focal point for both short-term speculators and the whales who are expanding their territory.
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