Whales Scoop 280M XRP in 10 Days as Wellgistics Taps XRPL
Main Idea
XRP whales accumulated 280 million XRP in 10 days during a price decline, signaling long-term confidence, while Wellgistics Health integrated XRP Ledger (XRPL) for its blockchain platform.
Key Points
1. Between July 5 and July 15, whale wallets accumulated approximately 280 million XRP, representing about 0.56% of its circulating supply.
2. Whales' accumulation occurred amid a sharp price decline, with XRP's price around $3.16, suggesting strategic bottom-fishing behavior.
3. Retail traders suffered over $594 million in liquidations during the same period, highlighting a divergence between long-term holders and short-term traders.
4. Despite heavy accumulation, XRP's on-chain activity weakened by July 24, with new user growth falling to 1,899 and daily transactions dropping to 286,000.
5. Wellgistics Health integrated XRP Ledger (XRPL) into its operational framework, as revealed in an SEC filing, leveraging its scalability, speed, and low transaction costs.
Description
XRP Whales Go on a Buying Spree According to market analyst Vlad Hryniv, “Over 280 million XRP scooped up by whales in just 10 days. That’s usually a bullish sign of long-term confidence.” Between July 5 and July 15, whale wallets accumulated approximately 280 million XRP, representing about 0.56 % of its circulating supply. This remarkable burst of activity occurred right amid a sharp price decline, sparking a swirl of speculation about institutional conviction versus possible sell‑side manipul...
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