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Who Is Buying the XRP Dip? ‘Mega Whales’ Hit 7-Year Record Holdings
By
Coin Edition
about 1 month ago
READ
RECORD
XRP
WOULD
CIN
- The number of XRP whales dropped significantly despite increased accumulation.
- Technical analysis reveals that XRP has entered into a critical region.
- Short-term price action would be crucial for XRP’s next move.
On-chain data signals a massive consolidation of power within the XRP ecosystem, as ‘mega-whales’ aggressively absorb supply from fleeing investors. While the asset’s price slumped 7.9% Monday alongside a broader crypto correction, the underlying ownership structure has reached its most concentrated level in seven years.
Related: Will XRP Turn Bullish or Bearish This Month? Here’s What History Says
XRP’s Accumulation Squeeze
Market intelligence platform Santiment has identified an interesting development in that XRP has experienced a 20.6% drop in the number of whales holding at least 100 million tokens.
However, this exodus seems mis…
Read The Full Article Who Is Buying the XRP Dip? ‘Mega Whales’ Hit 7-Year Record Holdings On Coin Edition.
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