XRP Whales And Sharks With 1M-10M Tokens Now Hold All-Time High Supply
As per data from the analytics firm , 7.23% of the total XRP supply is now held by this key investor group. The relevant indicator here is the “,” which tells us how the total supply is distributed across the different wallet groups in the market right now. These “wallet groups” are bands that define ranges between which the number of coins held by wallets belonging to a particular group lies in. For example, the “100-1,000 coins” group includes all addresses that are holding at least 100 and at most 1,000 XRP tokens.Looks like the values of both these metrics have climbed up in recent days | Source:
The 1M-10M coins band is an important cohort for XRP as it includes both sharks and whales. Though, the largest whales aren’t included in this group, as the upper level of the band is just 10 million tokens, which is worth around $3.4 million at the current exchange rate.
It would appear that these whales and sharks are looking to end the year 2022 with some heavy XRP accumulation, something that is likely to have a bullish effect on the crypto’s price in the long term.
XRP Price
At the time of writing, XRP’s price floats around $0.34, down 12% in the last week. Over the past month, the crypto has lost 5% in value.The value of the crypto seems to have not seen any significant movement during the last few days | Source: