Increased Activity in the XRP Market: Record Number of Wallet Addresses Holding Large Amounts of XRP
Publication Time:2024-07-31 07:56:05
Recent data from on-chain and off-chain tracking platform Santiment shows a significant growth in the number of user wallet addresses holding at least 10,000 XRP over the past five weeks, now totaling 2,794,000. This marks the highest level of market activity within the last six months for XRP. It is noteworthy that the correlation between these large holders and the XRP market capitalization has persisted throughout 2024, highlighting the ongoing interest of large investors in this cryptocurrency. As participation in the market increases, this may suggest potential development opportunities for XRP and its related projects.
XRP
Large Holdings
Wallet Address Count
Market Activity
Six-Month High