News
Public · Published
XRP whales scoop up 70 million tokens in a week
Between July 9 and July 15, XRP wallets holding at least one million tokens bought a total of 70 million XRP, worth over $77 million, bringing their combined holdings to about 3.8 billion XRP.
Published:
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What happened
Between July 9 and July 15, XRP wallets holding at least one million tokens bought a total of 70 million XRP, worth over $77 million, bringing their combined holdings to about 3.8 billion XRP.
Confirmed
Global impact / market context
Whale buying adds demand that can counter the selling pressure from ETFs, helping to keep XRP’s price steadier and improving market liquidity—the ease with which the token can be bought or sold— which may encourage more investors.
Analyst inference
US spot XRP exchange‑traded fund (ETF) issuers have been selling XRP, putting downward pressure on the token’s price, while large holders—wallets with at least one million XRP, called whales—are buying millions of tokens, creating opposing market forces.
Confirmed
What to watch
- Watch whether US spot ETF issuers keep selling XRP; continued selling could trigger more whale purchases, which may blunt price drops and shape short‑term volatility. Analyst inference
- Monitor XRP’s price trend after the 70 million token accumulation; a rise would show whale demand outweighing ETF sales, while a fall would suggest selling pressure still dominates. Analyst inference
- Follow any US regulatory announcements on crypto ETFs, as new rules could change how issuers trade XRP and influence whale strategies, affecting overall market dynamics. Analyst inference
Affected assets
- XRP — XRP