Monster 47 billion XRP is now locked
2025-07-10 15:07:26
Main Idea
XRP's price surged to a seven-week high, trading above $2.39, with significant whale activity and increased trading volume, alongside new partnerships and regulatory developments.
Key Points
1. XRP reached a seven-week high, trading above $2.39 for the first time since May 23, with a market cap of $143.9 billion.
2. 2,742 wallets hold at least 1 million XRP each, collectively owning 47.32 billion tokens, nearly half of the total supply.
3. XRP's 24-hour trading volume surged by 36.9%, surpassing $5.12 billion, indicating strong market activity.
4. Ripple announced a new custody partnership with BNY Mellon for its RLUSD stablecoin reserves on the XRPL Ethereum Virtual Machine.
5. The U.S. Securities and Exchange Commission (SEC) held discussions, sparking speculation about the ongoing Ripple vs. SEC case.
Description
XRP is back in the spotlight on July 10 after climbing to a seven-week high and trading above $2.39 for the first time since May 23. According to the latest data provided by Santiment , 2,742 wallets currently hold at least 1 million XRP each, underscoring a steady build-up in whale participation. XRP's market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP . The...
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