<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
In a noteworthy development, data from <a href="https://twitter.com/santimentfeed/status/1693319181184409963?s=20" rel="noopener noreferrer nofollow">Santiment</a> reveals that XRP is witnessing a modest but robust resurgence in its price trajectory. The recent surge of approximately 4% in XRP's value has been attributed to the concerted efforts of some of its most influential holders, colloquially referred to as "whales." 
According to Santiment's metrics, a total of 221 addresses, each holding an impressive 10 million to 1 billion XRP, have emerged as key players in this evolving narrative. These whales now boast a collective cache of 16.13 billion tokens, which translates to a staggering valuation of $8.71 billion. 
Of particular note is the remarkable leap recorded among addresses in possession of 100 million to 1 billion XRP units, as illustrated on the chart. On Aug. 18, these deep-pocketed entities underwent an astronomical expansion, witnessing an unprecedented influx of 1.01 billion <a href="https://u.today/xrp-litecoin-ltc-and-stellar-xlm-lead-the-way-in-crypto-market-bounceback" rel="noopener noreferrer nofollow">XRP</a> tokens. This exponential surge propelled their cumulative holdings to an astonishing 11.03 billion XRP. 
<img alt data-entity-type="file" data-entity-uuid="c7ecc72f-eefd-4219-83a1-7f3b08a938db" src="https://u.today/sites/default/files/inline-images/XRP%20%28XRP%29%20%5B12.26.34%2C%2021%20Aug%2C%202023%5D.png">Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22xrp%22%2C%22ticker%22%3A%22XRP%22%2C%22from%22%3A%222023-02-21T07%3A59%3A59.071Z%22%2C%22to%22%3A%222023-08-21T06%3A59%3A59.071Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22HolderDistributionCombinedBalanceWidget%22%2C%22wm%22%3A%5B%22holders_distribution_combined_balance_10M_to_100M%22%2C%22holders_distribution_combined_balance_100M_to_1B%22%2C%22price_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2368DBF4%22%2C%22%23FFCB47%22%2C%22%230a481b%22%5D%2C%22ws%22%3A%7B%222%22%3A%7B%22node%22%3A%22bar%22%7D%7D%7D%5D" rel="noopener noreferrer nofollow">Santiment</a> 
In contrast, the trajectory of accumulation has been notably smoother for smaller addresses, housing between 10 million and 100 million <a href="https://u.today/xrp-price-analysis-for-august-20" rel="noopener noreferrer nofollow">XRP</a> units. Over the course of a recent window, spanning from Aug. 13 to the present, these investors have progressively fortified their positions, amassing an impressive 200 million tokens. As a result, their collective holdings now stand at a substantial 5.08 billion <a href="https://u.today/xrp-outperforms-shiba-inu-ethereum-and-cardano-with-10-price-spike" rel="noopener noreferrer nofollow">XRP</a>. 
The correlation between these accumulation trends and the token's slight price growth is unmistakable. Although the price surge may have appeared modest, hovering around the $0.43 mark per <a href="https://u.today/full-xrp-support-and-reserves-confirmed-by-major-platforms-ceo" rel="noopener noreferrer nofollow">XRP</a>, it evidently spurred the interest of significant investors. This particular price point, which was attained following a recent shakeup on the broader crypto market, seems to have garnered favor among larger investors as a relatively secure stance for risk management.

XRP Whales Accumulating Billions of Tokens as XRP Price Surges Green

U_Today

Other articles published on Aug 21, 2023

Introducing ChainGPT V1, The AI-Powered Dashboard for Navigating Web3 - Launching August 10th

Bridgecoin Capital Launches Tax-Efficient Crypto Deferral Tool

Why is the Crypto Market Down Today?

Prominent Lawyer Weighs in on SEC’s Ripple Appeal

The Era of No KYC is All But Over For Crypto Exchanges

Shytoshi Kusama Made Just One Mistake With Shibarium: Top SHIB Team Member

Join our free newsletter for daily crypto updates!