• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ripple Whales Increase XRP Holdings Amid Positive News

user avatar

by Giorgi Kostiuk

a year ago

The cryptocurrency market has moved significantly over the past week. XRP, initially sluggish, has shown impressive growth.

Increased XRP Holdings

According to Santiment, large wallets holding at least a million XRP have been aggressively accumulating. They now own over 45 billion XRP, the highest amount since June 2018.

Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June, 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase.

Political Changes and Impact on Ripple

Positive sentiment towards XRP stems from changes in the US political landscape. Donald Trump's presidential election victory has sparked optimism regarding potential regulatory changes affecting the crypto sector, including the ongoing legal battle between SEC and Ripple.

XRP Forecasts

XRP remains a leading altcoin with large cap, surpassing $0.8 for the first time in a year. Some analysts predict further price increases to $1 and even $3.3, though these forecasts are speculative given that Gary Gensler has not yet resigned from the SEC.

Despite speculation, interest in XRP continues to grow. Future regulatory changes in the cryptocurrency industry could significantly impact its development.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

iotraderio Introduces Innovative Features for Enhanced Trading Experience

chest

iotraderio has introduced innovative features to enhance the trading experience, including non-custodial security, real-time sentiment data, and advanced risk management tools.

user avatarLuis Flores

iotraderio Launches a New Era in Cryptocurrency Trading

chest

iotraderio has officially launched, merging the concepts of prediction markets and leveraged trading, allowing users to trade futures with up to 100x leverage.

user avatarMaria Gutierrez

Apeing Prepares for Presale with Audit Focus

chest

Apeing, a new meme coin, is set to launch its presale after completing an audit, aiming to ensure safety and community engagement.

user avatarArif Mukhtar

Stricter Penalties for Crypto Exchanges Proposed in South Korea

chest

South Korean lawmakers are debating stricter penalties for virtual asset exchanges, with proposed fines reaching up to 3% of sales revenue.

user avatarAndrew Smith

South Korea Targets Virtual Asset Exchanges with No-Fault Liability Legislation

chest

The Financial Services Commission of South Korea is considering legislation to impose no-fault liability on virtual asset operators for damages from hacking incidents, aiming to enhance accountability and user protection in the crypto sector.

user avatarDavid Robinson

Bonk (BONK) Experiences Significant Price Surge

chest

Bonk (BONK) is leading the market today with a sharp 7% increase, trading around 0.0000009711. This rally is attributed to a combination of social hype, structural improvements within the BONK ecosystem, and renewed trader interest following significant on-chain movements.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.