Number of whale wallets that hold a large amount of XRP
Amid signs of confidence in the price outlook for cryptocurrencies, it has risen to a record high.
“There are now more than 2,700 whale and shark wallets holding at least 1m XRP for the first time in the 12-year history of the assets,” Blockchain Analytics Santiment said on X.
Additionally, the average average of active XRP addresses over the past week exceeded 295,000 per day, significantly higher than the average of 35,000-40,000 in the past three months.
XRP is a payment-focused cryptocurrency used by Fintech Company Ripple to facilitate cross-border transactions. Coindesk data shows that as of this writing, cryptocurrency trading volume was about $2.23, a 7% increase over the year.
