A counterintuitive question: Wallets hit a record, so why is the price still falling?
$XRP is hovering around $1.29, down about 17% in a month. But on-chain data tells two different stories: on one hand, wallets with non-zero balances have surged to 8.24 million, with 4,772 added in a single day; on the other, the number of whale wallets holding 10 million to 100 million tokens has shrunk from 351 to 339, while exchange balances have risen from 11.003 billion to 11.05 billion. Analysts are spelling it out: if $1.26 doesn’t hold, the next stops are $1.11 and then $0.98. But the Swell conference kicks off in New York tomorrow (October 27–29)—is this the eve of major bullish news, or the night before the whales head for the exits?
Pick a side in the comments: A) The whales are getting out first; if $1.26 breaks, $0.98 is next. B) 8.24 million wallets are a solid foundation, and Swell is the comeback moment. Which side are you on?
$BTC $ETH #XRP #Ripple #Swell
$XRP is hovering around $1.29, down about 17% in a month. But on-chain data tells two different stories: on one hand, wallets with non-zero balances have surged to 8.24 million, with 4,772 added in a single day; on the other, the number of whale wallets holding 10 million to 100 million tokens has shrunk from 351 to 339, while exchange balances have risen from 11.003 billion to 11.05 billion. Analysts are spelling it out: if $1.26 doesn’t hold, the next stops are $1.11 and then $0.98. But the Swell conference kicks off in New York tomorrow (October 27–29)—is this the eve of major bullish news, or the night before the whales head for the exits?
Pick a side in the comments: A) The whales are getting out first; if $1.26 breaks, $0.98 is next. B) 8.24 million wallets are a solid foundation, and Swell is the comeback moment. Which side are you on?
$BTC $ETH #XRP #Ripple #Swell
