XRP Whale Wallets Drop Sharply, But There is a 48,000,000,000 Coin Twist

• XRP whale wallets drop, but 48 billion coins are accumulated.
• Fewer whale wallets, but remaining holders increase XRP holdings significantly.
• Despite drops, 48 billion XRP coins remain in large wallets.

Recent data from Santiment has revealed a sharp decline in XRP’s whale wallets, with the number of wallets holding 100 million or more XRP dropping by 569 in the past eight weeks. This marks a 20.6% reduction in the number of whale and shark wallets.

Despite the significant drop in the number of large holders, an unexpected twist has emerged: the total amount of XRP held by these remaining wallets has skyrocketed to a record high of 48 billion XRP.

The Accumulation Surge Among Remaining Holders

While many large holders have reduced their positions, those who continue to hold XRP have been accumulating more coins at a rapid pace. This shift has led to an extraordinary growth in the total XRP holdings of the remaining wallets.

Despite fewer whales in the market, these remaining wallets now collectively hold 48 billion XRP, a level that hasn’t been seen in the past seven years. This surge in holdings is a clear indicator that the remaining investors are doubling down on their positions.

Also Read: Big News: XRP Now Accessible on Vanguard – What it Means for Price

The continued accumulation of XRP by these wallets demonstrates their strong belief in the future of the asset. The twist in the data reveals that while the number of whale wallets has dropped, the value held by the remaining wallets has increased significantly, indicating a potential consolidation phase among large XRP holders.

Consolidation Amidst Shrinking Numbers

The current trend suggests that XRP is undergoing a period of consolidation. As some whales reduce their holdings, the remaining holders are not only maintaining their positions but expanding them. This shift could indicate that the market is preparing for a potential price increase or some form of long-term stability.

This 48 billion XRP held by fewer wallets represents a significant concentration of the asset in the hands of those who still believe in XRP’s potential. The sharp drop in whale wallets might seem concerning at first glance, but the twist in the data reveals a stronger and more concentrated hold among the remaining holders.

Also Read: Analyst to XRP Holders: The Last Time this Happened XRP Exploded 700%

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