XRP Whale Accumulation Surges as Bitcoin and Ethereum Holders Reduce Exposure

• Large XRP holders added roughly 65.32 million XRP over four days, per Santiment.
• Bitcoin whales cut more than 34,000 BTC, about $2.6B, as BTC fell below $73,000.
• Data shows XRP whales accumulating while large Bitcoin and Ethereum holders distribute. 

Large XRP holders accumulated approximately 65.32 million XRP, worth nearly $72 million, over four days as large Bitcoin and Ethereum holders reduced their positions, according to Santiment data.

The contrasting activity highlights a difference in whale behavior across the three major cryptocurrencies, although it does not confirm that investors are moving capital directly from Bitcoin or Ethereum into XRP.

What the Data Shows

• XRP: Whale wallets accumulated roughly 65.32 million XRP in four days, which, at the implied price of about $1.10, comes to nearly $72 million.
• Bitcoin: Large holders trimmed more than …

Read The Full Article XRP Whale Accumulation Surges as Bitcoin and Ethereum Holders Reduce Exposure On Coin Edition.