XRP Whale holdings’ share rises to 68.5%, reaching a new high since 2022 years November ago
BIBIBI
AT A GLANCE
According to the cited account, whale wallets control 68.5%of the XRP supply, reaching a new high since 2022 years November ago.
Article
Analysis: Wallets holding at least 10000000 tokens XRP now control 68.5%of the supply, reaching a new high in nearly 4 years
PANews October 28 reported, citing Santiment analysis, that wallets holding at least 10000000 tokens XRP currently control a combined 46870000000 tokens, approximately XRP of the total supply 68.5%, the highest share for this group since 2022 years November ago. The key signal is that even as XRP struggles near 1.29 USD, these large holders continue to increase their exposure, indicating that conviction remains strong beneath the price action; if retail holders continue to capitulate, a more bullish setup could emerge. Santiment considers 1.30 USD a near-term pivot, while 1.50 USD is a stronger confirmation level. If the price remains above 1.20 USD and whale balances remain near record levels, the accumulation thesis will remain intact; if 1.50 USD is reclaimed and whale holdings increase further, this would substantially strengthen the case for XRP a larger-scale recovery.
Wallets holding at least 10000000 tokens XRP collectively control 46870000000 tokens.
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These wallets control approximately 68.5%of the XRP total supply.
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This group’s share of the supply is the highest since 2022 years November ago.
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Santiment said these large holders are continuing to increase their exposure.
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The article said 1.30 USD is a near-term pivot, while 1.50 USD is a stronger confirmation level.
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The article said that if the price remains above 1.20 USD and whale balances remain near record levels, the accumulation thesis will remain intact.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Wallets holding large amounts of XRP control a relatively high proportion of the supply. The report interprets their continued increase in exposure as indicating relatively strong holding conviction, but this is an analytical judgment, not a guarantee of price appreciation.
Why it matters to readers
Changes in whale holdings may affect market assessments of XRP supply-demand dynamics and confidence in holdings; going forward, attention can be paid to whether price levels and whale balances meet the conditions described in the article.
This is not investment advice. Beginners should distinguish between on-chain holding data and market views based on such data, and should not predict prices solely from whale holdings’ share.
Risks and unknowns
The information is PANews’ account of Santiment’s analysis; the original article did not present details of Santiment’s underlying data.
The article’s references to “strong conviction,” a “more bullish setup,” and recovery are conditional analysis and do not represent certain outcomes.
The original article does not establish whether the tokens controlled by these wallets are controlled by the same entity.
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Related concepts
Whale
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
