US Securities and Exchange Commission (SEC) with Ripple The litigation is very close to coming to an end. Experts expect this to be concluded, especially in the second quarter of 2022, and XRP Whales don’t sit still either.
XRP Whales Flock to XRP
In at least 10 million XRP wallet addresses that hold them have been in the accumulation phase for the last 3 months, and in the last few days, the whales have moved to the collection phase. Similar to the action in late 2020, where the XRP/USD pair had a record rise, is now being seen.
In the process since December 2021, there has been a 76% increase in XRP wallet addresses, which are seen as “mega XRP whales”. According to the data he obtained, Santiment revealed that whales collected 897 million XRP in a short time and continue to collect them.
Santiment emphasized that the XRP accumulation in the last 3 months is the second largest accumulation in the history of XRP. The first major accumulation took place in November-December 2020, and a total of 1.29 billion XRP was received.
Expressing that there was an increase for the following 3 months when such a situation occurred before, Santiment stated that a similar effect could occur again. However, at this point, Bitcoin’s movements will be decisive for all altcoins.