<p>According to market intelligence firm Santiment, the XRP Ledger (XRPL) has seen decreased whale activity compared to the past two years. However, top XRP holders are still accumulating tokens.</p>
<p>In a recent <a href="https://twitter.com/santimentfeed/status/1587037439164452864" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Santiment noted that while overall XRPL whale activity is lower in 2022, key shark and whale wallets keep growing their supply.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="649" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-1024x649.png" alt="" class="wp-image-352787" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-1024x649.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-300x190.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-767x486.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-1536x974.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-2048x1298.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-237x150.png 237w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-552x350.png 552w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228-788x499.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-228.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>Wallets holding between 100,000 to 100 million <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> now contain $7.89 billion worth of tokens, up from $7.16 billion a year ago. This indicates a sustained appetite among the largest holders.</p>
<p>The reduction in broader whale movements comes after a massive transfer of over $1.5 billion worth of XRP linked to Ripple earlier this year. The blockchain saw elevated activity around Ripple unlocking escrow funds.</p>
<p>But XRP’s lackluster price action in 2022 has likely dampened trader enthusiasm. Without major catalysts, overall transaction volumes declined year-over-year.</p>
<p>However, the continued expansion of top XRP holders hints at long-term conviction even amid the lull. These whales likely anticipate gains in the next bull market cycle.</p>
<p>Their ongoing accumulation provides a silver lining for XRP amid declining exchange volumes. With the SEC lawsuit also nearing a conclusion, XRP whales appear positioned to capitalize on a potential price boom when market conditions improve.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/xrp-whales-continue-amassing-despite-lower-overall-activity-heres-how-much-they-hold/">XRP Whales Continue Amassing Despite Lower Overall Activity, Here’s How Much They Hold</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

XRP Whales Continue Amassing Despite Lower Overall Activity, Here’s How Much They Hold

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