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$XRP

XRP whales have shown activity, with the price jumping 26 percent in seven days.

- The number of wallets holding at least 1 million XRP has reached a record, which came at the same time as a 26 percent increase in price over the past week.

Highlights:

The number of wallets holding at least 1 million #XRP reached an all-time high of 2,743.

These XRP "whales" control a total of over 47.32 billion tokens, which coincides with a 26% increase in price.

Santiment suggests that the current momentum marks the beginning of the altcoin season.

Onchain analytics platform Onchain Santiment reported on Friday that the total number of such whale wallets #rose to 2,743, indicating a significant accumulation trend.

Santiment emphasized that not only is the number of whales on the market increasing, but also the total amount of XRP supply under their control is growing, which is a bullish signal for the fourth-largest cryptocurrency by market capitalization.

The data shows that wallets with 1 million or more XRP collectively control over 47.32 billion tokens.

According to CoinMarketCap, at the time of writing, the price of XRP has reached $ 2.80 after a 10% spike in the last 24 hours.

The surge wiped out about $ 31.44 million in short XRP positions, according to CoinGlass.

Just a month ago, XRP consolidated between $ 1.90 and $ 2.90 for nearly 200 days, and traders were unsure of its next move.

The recent rally coincides with a broader market upswing as #bitcoin consistently hit all-time highs of $ 112,000 on Wednesday, $ 116,500 on Thursday and $ 118,780 on Friday.

Ethereum also rose sharply, adding over 17% for the week and trading near $ 2,960.

Santiment suggests that such strong performance of several cryptocurrencies signals the beginning of the altcoin season.

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