- According to data from Ledger.exposed, the largest XRP addresses are currently buying XRP and are thus in an accumulation phase.
- The development could point to a soon rising XRP price and the start of an altcoin rally.
Bitcoin and the altcoin market have been caught in a sideways trend for several weeks now, from which the market has so far been unable to break out either downwards or upwards. XRP is following this trend and has recorded a price increase of 1.54% in the last 24 hours. The market capitalization has risen to $8.19 billion.
The richest addresses buy more and more XRP
According to the data analysis service Ledger.exposed, provided by the well-known Ripple developer Wietse Wind, some XRP whales have accumulated more than 1.5 million XRP in the last months. The following data shows the trend of accumulation in the last days and weeks in detail. The XRP investment has increased especially among investors who hold 10 million XRP or more on their wallet.
By looking at the exact figures, it is worth noting that 8 users are responsible for a huge amount of more than 1 billion XRP. Also, 8 investors own between 500 million