XRP Whales Accumulate As Small Holders Capitulate

XRP has risen more than 8% in five weeks as on-chain data showed a split between large and small holders, with whales and sharks adding to their balances while the smallest wallets sold down. According to CoinDesk, Santiment said wallets holding 100,000 to 100 million XRP increased holdings by 2.8% over the period, while the smallest wallets cut theirs by 5.2% as the token rebounded to $1.16 from $1 at the end of June. Santiment said the pattern is historically bullish for XRP and cited potential ETF access and ongoing use of the XRP Ledger for payments, tokenization and RLUSD.