XRP Whales Boost Accumulation Appetite, Register 2-Month Peak Holding Supply

The total supply of XRP circulating in the market is now at 48.3 billion from the total XRP supply of 100 billion. XRP whales currently hold from 1 million to 10 million XRPs and are on a massive hoarding spree with an uptick in supply stretching out to a two-month high. These active XRP whales currently chalked up over 6.12% of the total XRP. Despite the collapse of the crypto market, Ripple whales have resurfaced to be increasingly daring and active. According to Santiment, “XRP Network whales holding between 1M and 10M $XRP have collectively been accumulating, and now hold their highest percentage of the asset’s supply in 2 months.” This is the most active tier of non-exchange holders who are currently keeping 6.12% of all $XRP. Suggested Reading | Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion XRP Trades At $0.40; Now Sixth Largest Crypto XRP, Ripple’s cryptocurrency, has adjusted more than 50% in the last two months, with the crypto market going on a downward spiral. The crypto is currently the sixth largest digital asset by market cap and is trading at $0.40. Brad Garlinghouse, Ripple CEO, attended the World Economic Forum held in Davos, Switzerland, and expressed the possibility of launching an initial public offering (IPO). The plan’s all set once they have put the lid on the legal dispute with the U.S. Securities and Exchange Commission (SEC). Ripple is very optimistic about the legal battle t...