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XRP whales (wallets holding at least 10 million XRP) have accumulated holdings to their highest level since November 2022
According to on-chain analytics firm Santiment, XRP whales (wallets holding at least 10 million XRP) have accumulated holdings to their highest level since November 2022, now controlling approximately 46.87 billion XRP, which accounts for 68.5% of the tracked supply. Despite XRP's price hovering around $1.30 with lackluster performance, CoinGlass data shows active derivatives trading, with open interest at $2.96 billion and futures trading volume over the past 24 hours at $2.22 billion, nearly six times the spot trading volume.
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