XRP wallets holding at least 10,000 tokens have recently grown to an all-time high number of 277K amid a recent price uptick, which has pushed XRP up by 25% in less than two weeks.
In the last 24 hours, XRP broke out significantly above $0.6 for the first time since August, when it tumbled from a major roadblock.
This remarkable achievement becomes even more significant when factoring that XRP traded around the $0.4801 territory two weeks ago. The asset’s latest price position implies it appreciated over 25% within this timeframe.
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In parallel, data shows XRP’s 24-hour volume grew by 57.66%. Notably, market participants have exchanged $2,193,718,910 ($2.19 billion) in XRP tokens over the last day.
Interestingly, these noteworthy metrics surrounding XRP coincide with a similarly outstanding development with major crypto investors.
Specifically, statistics from the reputable market tracking platform Santiment suggest that as XRP staged a comeback above $0.6, large XRP holders, whales, became more actively engaged with the asset.
Wallets Holding 10K+ XRP Hit ATH
In a recent tweet, Santiment disclosed that crypto addresses controlling no fewer than 10,000 XRP tokens reached an all-time high. Santiment noted that XRP rallied over 25% in twelve days while more wallets holding over 10,000 XRP appeared in the limelight.
In particular, their number has now reached 277.62k. Notably, this figure represents the sum of all shark and whale XRP wallets that hold 10,000 XRP tokens and more.
$1M XRP Txns Hits 3-Month High
Meanwhile, the market chart accompanying Santiment’s tweet highlighted more noteworthy actions from XRP whales. It noted that influential XRP investors have resumed transacting $1 million in XRP after being passive since August.
Specifically, XRP transactions valued over $1 million spiked in the last days of October, reaching their highest level in three months. According to the market tracker, between October 18 and October 26, 255 such whale transactions were recorded. However, the XRP $1 million whale transactions receded in the last five days of the month.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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