Santiment: Wallets holding at least 10000000 tokens XRP account for the supply 68.5%, reaching a new high in nearly 4 years
BIBIBI
AT A GLANCE
Santiment said that large XRP wallets hold approximately 68.5%of the supply, the highest since 2022 year November.
Article
Santiment: Wallets holding at least 10000000 tokens XRP account for the supply 68.5%, reaching a new high in nearly 4 years
BlockBeats News,October 27, according to Santiment monitoring, wallets holding at least 10000000 units XRP currently hold approximately 46870000000 units XRP, accounting for approximately XRP of the 68.5%supply, the highest level since 2022 years November years ago.
Santiment noted that despite XRP price facing pressure near 1.29 USD, large holders continue to accumulate. If smaller traders continue to sell while whales maintain their accumulation trend, it may indicate that market accumulation signals remain. 1.30 USD is a key short-term price level for XRP, while 1.50 USD is a more important confirmation level; if the price remains above 1.20 USD and whale holdings stay elevated, the accumulation thesis may remain valid.
If XRP regains 1.50 USD while whale holdings continue to grow, it will further reinforce expectations of a rebound.
Original link https://m.theblockbeats.info/flash/373877
Key points
01
According to Santiment monitoring, wallets holding at least 10000000 coins XRP collectively hold approximately 46870000000 coins XRP。
02
The above wallets' holdings account for approximately XRP of the 68.5%。
03
supply. This proportion is the highest level since 2022 years November ago.
04
Santiment said,XRP The price is facing resistance near 1.29 USD, but large holders continue to accumulate.
05
The article mentions that 1.30 USD is XRP a key short-term price level, while 1.50 USD is a more important confirmation level.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news item focuses on changes in the holdings of large XRP wallets. According to the data in the article, the XRP held by these wallets account for approximately 68.5%of the total supply, and this proportion has reached its highest level since 2022 year November.
Why it matters to readers
If small traders continue selling while large holders continue accumulating, the article suggests that accumulation signals may still be present in the market; however, this is only a conditional assessment.
Beginners can understand it as follows: a small number of wallets holding a large amount XRP of the supply control a relatively high proportion, and changes in their holdings may affect the market’s assessment of supply and demand and price trends.
Risks and unknowns
The information is Santiment monitoring content relayed by BlockBeats; the evidence does not provide Santiment’s original report or independently verified data.
The content in the text concerning accumulation signals, rebound expectations, and 1.20 USD、1.30 USD and 1.50 USD price levels constitutes conditional judgments and does not represent results that have already been achieved.
The evidence does not specify the number of wallets holding at least 10000000 units XRP or whether the statistical scope remains valid.
Related Developments
Loading event timeline…
Related concepts
Supply
This term is not in the glossary yet. Browse related concepts in the glossary.
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.
