New York, November 1, 2024 - The number of XRP whale wallets has reached an all-time high, according to data released today. This surge in whale activity comes as XRP has seen a modest gain of 7% this year.
Blockchain analytics firm Santiment reported on X that over 2,700 whale and shark wallets now hold at least 1 million XRP. This marks the first time in XRP's 12-year history that this threshold has been surpassed. (Source: CoinDesk, November 1, 2024)
Furthermore, the average number of active XRP addresses has exceeded 295,000 per day over the past week. This is a substantial increase compared to the average of 35,000-40,000 observed over the previous three months. (Source: CoinDesk, November 1, 2024)
XRP, the cryptocurrency used by Ripple for cross-border transactions, is currently trading around $2.23. This represents a 7% increase for the year. (Source: CoinDesk, November 1, 2024)