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Crypto market intelligence platform Santiment has found that XRP Ledger , a decentralized public blockchain that enables fast, low-cost, real-time transfers of XRP, fiat currencies, and digital assets, has been seeing less whale activity in 2023 compared to the last two years.
In a post on X, the crypto analytics platform said that despite declining activity, whales and sharks have continued accumulating more of the XRP supply.Santiment disclosed that wallets holding between 100,000 and 100 million XRP have increased their coins from $7.16 billion a year ago to $7.89 billion. These whales and sharks collectively hold 26.8% of the 53.39 billion XRP in circulation.
On the other hand, the XRP Ledger is averaging around 3,800 whale transactions worth $100,000 and above per week.that a U.S. economic downturn could benefit the crypto industry, with the prices of assets like bitcoin , XRP, and ether reaching new highs.is seeing less whale activity this year compared to 2021 & 2022. However, this hasn’t stopped the key shark & whale addresses from accumulating more of the supply. Wallets with 100K-100MForbes believes the U.S.
While the outcome of the case remains to be seen, the legal battle between the agency and the blockchain firm will stretch into the second quarter of 2024. As time goes on, XRP’s price and activities on the XRPL will be influenced by activities that take place in the court.
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