The XRP network has reached a significant milestone, indicating growing institutional interest. The number of wallets holding at least one million XRP tokens has surpassed 2700.
Achieving a New Record
According to Santiment data, over 2700 wallets (whales and sharks) now hold at least one million XRP tokens. This marks the first occurrence in the 12-year history of cryptocurrency and points to increasing trust from larger, more experienced investors.
Growth of Network Activity
The number of active addresses in the network has surged to 295,000 per day, compared to the previous range of 35,000-40,000. This growth indicates real usage of the network rather than just speculative trading activities.
Future Prospects for XRP
The data on whale accumulation and the rise in network usage reflect signs of institutional adoption for XRP. With the current price around $2.22 and a 351% increase since the beginning of the year, experts predict that XRP could reach $5 by the end of 2025.
The ongoing increase in both active usage and whale accumulation creates favorable conditions for potential price growth of XRP, serving as a positive signal for the market.
