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In the XRP market, large whale investors are continuing a strong accumulation trend, increasing their holdings to an all-time high of 11.33 billion XRP.
According to a report by the virtual asset specialized media The Crypto Basic, on April 9th (local time), the total holdings of large wallet addresses holding between 100 million XRP and 1 billion XRP reached an all-time high. Virtual asset analytics firm Santiment's data shows that these whale groups have aggressively absorbed supply despite recent market volatility, expanding their market dominance. In particular, a significant influx of funds over the past two weeks has led to a sharp increase in their portfolio weighting.
These movements by whales reflect strong confidence in an XRP price rebound. Santiment analyzed that large investors have shown a clear tendency to secure long-term holdings by utilizing low-price buying opportunities. As market supply concentrates into whale wallets, price upward pressure due to a shortage of circulating supply is expected to intensify. Even in periods where retail investors showed selling pressure, whales increased their buying intensity, establishing support levels.
This accumulation activity is interpreted as a strategic choice that goes beyond simple short-term gains. As the adoption of institutional payment solutions utilizing the XRP Ledger becomes tangible, demand anticipating a substantial increase in the asset's real value is surging. The increase in holdings by large wallets acts as a key factor in securing market downside rigidity and is improving overall market sentiment.
Currently, XRP is showing a stable price trend, bolstered by the concentrated accumulation of whales. While XRP balances on major exchanges are decreasing, the number of wallet addresses belonging to large investors is on the rise. With increased participation from institutional-grade investors, the liquidity structure of the XRP market has become more robust.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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