$BTC #xrp XRP Whales Accumulate 190 Million Tokens During a Strong Weekly Drop
During the past week, whales accumulated 190 million XRP amid the widespread market drop, according to crypto analyst Ali Martinez. Considering the current price of $1.35 per unit, that volume is equivalent to approximately $256.5 million.
One of the most striking operations occurred when an unknown address acquired over $35 million in tokens in less than an hour, through a bot that executed 156 identical purchases of 10,000 units each. This type of operation is often interpreted as strategic positioning at prices considered attractive in the market.
According to data from Santiment, 32,054 wallets hold more than 100,000 XRP each, indicating a strong and growing concentration of capital among large holders. At the same time, XRP spot ETFs recorded net inflows of $2.6 million in the week, although the month of March accumulated total outflows of about $28 million. The token price hovers around $1.35 and has seen an increase of 1.2% in the last 24 hours with a trading volume that jumped by more than 81%.
During the past week, whales accumulated 190 million XRP amid the widespread market drop, according to crypto analyst Ali Martinez. Considering the current price of $1.35 per unit, that volume is equivalent to approximately $256.5 million.
One of the most striking operations occurred when an unknown address acquired over $35 million in tokens in less than an hour, through a bot that executed 156 identical purchases of 10,000 units each. This type of operation is often interpreted as strategic positioning at prices considered attractive in the market.
According to data from Santiment, 32,054 wallets hold more than 100,000 XRP each, indicating a strong and growing concentration of capital among large holders. At the same time, XRP spot ETFs recorded net inflows of $2.6 million in the week, although the month of March accumulated total outflows of about $28 million. The token price hovers around $1.35 and has seen an increase of 1.2% in the last 24 hours with a trading volume that jumped by more than 81%.