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XRP Jumps 69% As Whales Go On $1.6 Billion Buying Spree

The XRP price has made a significant bullish push recently as on-chain data shows whales have been accumulating significant amounts.

XRP Whales Have Made Big Purchases In Last Few Weeks

According to data from the on-chain analytics firm Santiment, the XRP whales have been busy buying recently. The on-chain indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a particular wallet group is holding.

Addresses or investors are put into these cohorts based on the number of coins they carry in their balance. For instance, the 1 to 10 coins group includes the holders who own at least 1 and at most 10 tokens of the asset.

XRP Jumps 69% As Whales Go On $1.6 Billion Buying Spree

The XRP price has made a significant bullish push recently as on-chain data shows whales have been accumulating significant amounts.

XRP Whales Have Made Big Purchases In Last Few Weeks

According to data from the on-chain analytics firm Santiment, the XRP whales have been busy buying recently. The on-chain indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a particular wallet group is holding.

Addresses or investors are put into these cohorts based on the number of coins they carry in their balance. For instance, the 1 to 10 coins group includes the holders who own at least 1 and at most 10 tokens of the asset.
https://bitcoinist.com/xrp-jumps-53-as-whales-1-6-billion-buying-spree/