Wallets with over 10k XRP reach a new all-time high… signals of whale accumulation intensify

XRP wallets holding more than 10k tokens hit a new all-time high, with analysis suggesting that large investors’ “accumulation” is still ongoing. Despite recent weak price performance, on-chain indicators instead point to a strengthening long-term holding mentality.

Santiment Analysis

Santiment’s analysis posted on X states that the number of ‘10k+ XRP’ wallets in the XRP ledger has increased to 332,230, reaching a record high. This refers to wallets of medium to large investors holding over 10,000 XRP, which at the current exchange rate is equivalent to over approximately $14,300. Since this data excludes small investors, it reflects capital flow trends, and is often used as an indicator to gauge the movements of whales and institutional-level funds.

From the chart published by Santiment, this indicator briefly declined during the XRP plunge from late January to early February, but then gradually resumed an upward trend in March and April. Recently, the indicator has fully recovered from the decline and risen to a higher level than before. Santiment explains: “Even during periods of high volatility and uncertainty, large holders continue to accumulate XRP, which is an important long-term signal.”

Evernorth Losses and Price Trends

On the other hand, reports indicate that during the stagnation of XRP’s price, the assets held by financial firm Evernorth are facing significant unrealized losses. Analyst Maartunn pointed out that Evernorth spent about $950 million to acquire XRP assets, which are now valued at a loss of approximately $330k. Although there was a brief period of profit, the recent continued weakness has pushed the valuation back into the loss zone.

Prices remain sluggish. As of writing, XRP is trading near $1.43, down 1% in the past 24 hours. However, with the increase in wallet numbers and the confirmed accumulation trend among large holders, some market analysts believe that, regardless of short-term price movements, the fundamental strength of the XRP network remains solid.

Summary by TokenPost.ai 🔎 Market Interpretation Despite the weak XRP price, the number of wallets holding over 10,000 XRP has hit a new all-time high, confirming the ongoing accumulation trend among large investors. This indicates that, regardless of short-term price fluctuations, long-term confidence is maintained.

💡 Strategic Highlights Consider short-term volatility while also monitoring on-chain indicators such as whale wallet growth. During price declines, large investors’ accumulation can be interpreted as a mid- to long-term bullish signal. However, the expanding unrealized losses of institutional-held assets may pose short-term risks.

📘 Terminology Explanation Whale Wallets: Wallets held by investors with large amounts of cryptocurrency, influential in the market On-chain Data: Transaction and indicator data that can be directly tracked on the blockchain network Supply Distribution: An indicator analyzing the distribution of investors based on their holdings

💡 Frequently Asked Questions (FAQ)

Q. Why is the increase in wallets holding over 10,000 XRP important?
This excludes small investors, indicating that participation from medium and large investors is increasing, serving as a core on-chain indicator to confirm market trust and long-term accumulation trends.

Q. Why do accumulation trends among whales persist despite weak prices?
Large investors often act based on long-term value rather than short-term price movements. Periods of high volatility may even be viewed as buying opportunities at lower prices.

Q. Does whale accumulation always lead to price increases?
Not always. However, past cases show that whale accumulation is often seen as a bullish signal for medium- to long-term growth, though the final outcome can be affected by macroeconomic factors or market liquidity.

TP AI Notes
This summary is generated based on the TokenPost.ai language model. It may omit or deviate from the original content.