XRP Whale Count Hits An All-Time High Amid Market Turmoil

XRP showed renewed strength, climbing over 4% after recent declines, coinciding with a sharp increase in mid- to large-sized holders. Blockchain analytics firm Santiment reported that the number of wallets holding at least 10,000 XRP hit an all-time high of approximately 317,500, suggesting investors used the pullback to accumulate rather than sell. This accumulation pattern mirrors previous phases since November 2024. Concurrently, open interest in XRP futures dropped significantly to $3.49 billion, its lowest since June, which analysts suggest indicates reduced speculative activity and a shift toward defensive positioning, often preceding market bottoms. Further bolstering optimism are Ripple's strategic moves, including reports of a planned $1 billion Digital Asset Treasury (DAT) company, and growing speculation about a potential XRP exchange-traded fund (ETF) approval in the US.

(Source：BeInCrypto)