XRP whales have resumed accumulation, procuring about 40 million tokens over the past two days as the market eyes recovery.

The FUD around the XRP ecosystem seems to have disappeared as whale activities have resumed. Large holders scooped in 40 million XRP in two days, boosting positive sentiments among proponents.

The Saturday Post cited crypto data intelligence platform Santiment. The analysis revealed a spike in XRP whale accumulation between October 10 and 12, as FUD from the notice of appeal filed by the US Securities and Exchange Commission (SEC) wore off. For context, the Wall Street regulator filed a notice of appeal on October 2, declaring its intentions to contend the Ripple ruling. The application resonated around the crypto community and catalyzed a short-lived downtrend in XRP’s price.

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