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Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse.
Such sharks and whales currently own almost $7.9 billion worth of the asset, representing 26.8% of the circulating supply. In comparison, the same investors held $7.16 billion in XRP in October 2022.is seeing less whale activity this year compared to 2021 & 2022. However, this hasn’t stopped the key shark & whale addresses from accumulating more of the supply. Wallets with 100K-100MHowever, Santiment’s chart shows that the accumulation spree was on its rise in November last year.
Other elements that could boost the price are also new banking collaborations, favorable macroeconomic conditions, market trends, technological developments, and more.
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