The Number of XRP Whales Surges to 199
The number of XRP whales owning 100M+ tokens has surged to 199, marking an 11-week high. This increase in XRP whale numbers could be attributed to Ripple’s recent court victory against the US Securities and Exchange Commission (SEC). The victory has not only fueled a price increase for XRP but also renewed optimism in the entire cryptocurrency space.
Here are the key points regarding the surge in XRP whale numbers:
– Ripple’s court victory against the SEC has resulted in a price increase for XRP.
– This increase in price has attracted more XRP investors, leading to a surge in the number of XRP whales.
– Santiment, a crypto analytics platform, estimates that there are now 199 XRP whales, each holding at least 100 million coins.
– This stash of XRP coins is currently valued at approximately $70 million.
– The last time the number of XRP whales neared 200 was on May 13 this year.
In conclusion, Ripple’s court victory has not only boosted the price of XRP but also attracted more investors, resulting in a surge in the number of XRP whales. This trend reflects renewed optimism in the cryptocurrency market.
Hot Take:
The surge in XRP whale numbers is a positive sign for XRP and the overall cryptocurrency space. It indicates growing confidence in Ripple’s legal battle with the SEC and suggests that investors see potential in XRP’s future. As the number of XRP whales continues to increase, it will be interesting to see how this impacts the price and market dynamics of XRP.
By
By
By
By