Recent data shows that despite price volatility, major investors known as whales continue to take active actions in the XRP market, building their positions.
Record Holdings in XRP Wallets
The number of wallets holding over 1 million XRP has reached a record of 2,850. Additionally, wallets holding more than 10,000 XRP have surged by 6.2% year-to-date, totaling around 306,000 wallets.
Recent Whale Purchases
In the past week, XRP whales have purchased over 420 million tokens worth more than $915 million, highlighting growing confidence in XRP's recovery. However, the number of new XRP wallets has fallen to a two-month low, indicating market hesitation.
Surge in Retail Interest
Retail interest in XRP is rising, as evidenced by increasing search queries for 'XRP to $3.' Many traders expect significant price movements between July and September, particularly in light of the ongoing Ripple vs. SEC case.
The situation in the XRP market indicates active participation from whales and a growing focus from retail investors, which may signal potential price increases in the future.
