XRP Whales Hit Record High as Price Surges 26% in One Week
2025-07-12 09:18:37
Main Idea
The number of wallets holding at least 1 million XRP tokens has reached a record high, coinciding with a 26% price surge, as whales accumulate and the XRP Ledger introduces upgrades.
Key Points
1. The number of wallets holding at least 1 million XRP tokens has surged to an all-time high of 2,743, controlling over 47.32 billion tokens.
2. XRP's price increased by 26% in one week, reaching $2.80, with a sharp 10% jump in 24 hours wiping out $31.44 million in short positions.
3. The recent rally aligns with broader market gains, including Bitcoin and Ethereum hitting all-time highs.
4. RippleX engineer Mayukha Vadari highlighted the XRP Ledger's 2.5.0 upgrade, which introduces protocol improvements for network functionality and security.
5. XRP's price surge and whale accumulation coincide with rising user activity on the XRP Ledger, with daily active addresses increasing.
Description
The number of wallets holding at least 1 million XRP tokens has surged to an all-time high, coinciding with a 26% price increase over the past week. Key Takeaways: The number of wallets holding at least 1 million XRP tokens has reached an all-time high of 2,743. These XRP whales collectively control over 47.32 billion tokens, coinciding with a 26% price surge. Santiment indicates that the current momentum marks the start of an altcoin season. Onchain analytics platform Santiment reported on Frid...
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