‘Second-Largest’ Accumulation of 900M Tokens Experienced by $XRP Whales

December 2021 marks the time since XRP whale addresses are holding over 10 million tokens or more have amassed about 900 million $XRP. It is valued to be around 700 million US dollars, in the ‘second-largest’ accumulation they have achieved in the past five years. The greatest XRP whale accumulation, in accordance with the cryptocurrency analytics firm Santiment, occurred in December 2020. When more than 1.2 billion tokens were added to their wallets, causing the price of the cryptocurrency to soar at the moment. The latest accumulation began with each XRP trading for roughly $0.80, a drop from a 12-month peak above the $2 mark. The cryptocurrency’s price fell below $0.60 after whales began accumulating it but quickly rebounded to $0.77. 🐳 The second largest $XRP accumulation in the past 5 years by top tier whales is in progress. There are currently 336 #XRPNetwork addresses that hold 10M $XRP or more. Many of these undoubtedly belong to exchanges, but this is still a notable anomaly.📊 https://t.co/tKBc7FSVVA pic.twitter.com/kCxtEsNgxO — Santiment (@santimentfeed) February 18, 2022 As stated by Santiment, many of the 336 addresses on the XRP Ledger with more than 10 million XRP in their balances belong to cryptocurrency exchanges that store funds on behalf of potentially millions of customers. Nonetheless, the company stated that the buildup is a “notable anomaly.” The total number of transactions performed on the XRP networ...