📉 Crypto market analysis platform Santiment found that XRP Ledger (XRPL) whale activity is less in 2023 than in the last two years. However, whales and sharks continue to accumulate XRP supply.
🐋 According to Santiment, wallets holding between 100,000 and 100 million XRP increased from $7.16 billion to $7.89 billion last year. These whales and sharks hold 26.8% of the total 53.39 billion XRP.
📈 On the other hand, XRPL processes an average of 3,800 whale transactions per week. Forbes magazine suggests that a possible decline of the US economy could benefit the crypto industry and the value of assets such as Bitcoin, XRP and Ether could reach new highs.
⚖️ XRP's volatility has increased due to Ripple Labs' ongoing legal battle with the US Securities and Exchange Commission (SEC). Although the outcome of the case is uncertain, the value of XRP and activities on XRPL may change depending on developments in the court process.
🐋 According to Santiment, wallets holding between 100,000 and 100 million XRP increased from $7.16 billion to $7.89 billion last year. These whales and sharks hold 26.8% of the total 53.39 billion XRP.
📈 On the other hand, XRPL processes an average of 3,800 whale transactions per week. Forbes magazine suggests that a possible decline of the US economy could benefit the crypto industry and the value of assets such as Bitcoin, XRP and Ether could reach new highs.
⚖️ XRP's volatility has increased due to Ripple Labs' ongoing legal battle with the US Securities and Exchange Commission (SEC). Although the outcome of the case is uncertain, the value of XRP and activities on XRPL may change depending on developments in the court process.