Here’s How XRP Whales Have Acted for Last 2 Years as XRP Sets One-year Record Against Bitcoin cryptomarketbag

Gamza Khanzadev

These XRP whales’ strategy gives them solid gains as XRP sets records against BTC

According to the Crypto Analytics Agency sentimentThe largest XRP whales with balance sheets of 1 million to 10 million or more XRP have displayed extremely interesting behavior over the past two years, mainly due to their multiplicity.

For example, wallets containing between 1 million and 10 million XRP have been actively hoarding cryptocurrencies since the end of 2020. Conversely, the top 330 addresses holding more than 10 million XRP are actively reducing their position sizes to the point where they hold. Of the total XRP supply, it is now at a historic low of 70.75 percent.

As Santiment notes, the bottom line is that the most active whales that have been accumulating positions are profiting, with XRP rising by over 60% since the start of the week.

XRP getting out of the mud

At the same time, XRP set a one-year record against bitcoin, reaching 0.000026 BTC for 1 XRP. While the entire crypto market is shaking amid extremely negative fundamentals and technical factors, XRP has resulted in significant gains.

Ripple has introduced I Remit expanded its partnership with cryptomarketbag CryptomarketBag

The reason for this price action is probably the imminent result of a legal battle between Ripple and the SEC that will decide the position of XRP. Remember that the regulator intends to recognize the token as a security, which is fiercely argued by pro-XRP activists and lawyers.

Nevertheless, the question arises whether XRP’s incredible rise by such a huge value in a week is the result of the actions of some knowledgeable people or is purely due to the speculation of ordinary enthusiasts and investors.

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