Ripple (XRP) Whale Address Number Reached Record Level! Bull Herald?

According to crypto analytics portal Coin Metrics, their accounts Over 1 million Ripple (XRP) The number of major wallets found has reached an all-time high. The amount of addresses in question to 1894 reached.

Ripple (XRP) Reaches All-Time High in Number of Addresses with Over 1 Million Balances

SEC, Ripple Labs XRP It filed a lawsuit against XRP in 2020, accusing it of using its token as an unregistered security.

While the number of XRP whales has dwindled since the SEC’s investigation into the company was announced, that number has been steadily increasing since then. In November last year, the number of XRP millionaires had reached pre-trial levels, and almost a year later that record was broken.

In total, the number of XRP addresses has reached 4.35 million. Total number of XRP found at these addresses 56.68 billion equal to the token. The remainder of the approximately 100 billion XRP supply is stored in Ripple’s accounts.

Recently, one of the largest cryptocurrency exchanges in the USA coinbasehad applied to the federal court to become involved in the XRP lawsuit.

Coinbase was one of the largest providers of XRP liquidity when the SEC requested that XRP be delisted.

Company executive Schwartz stated that XRP has both Bitcoin (BTC) as well as from Ethereum (ETH) said it performed better.

The fact that the whales received such a large amount of XRP despite the harsh bear market was interpreted as preparation for the bull market. However, the fact that the majority of the entire supply is in the hands of whales is not interpreted very well for the future of the related cone.

On the other hand, the price of XRP has dropped by about 86% from its all-time high reached in January 2018.

*Not investment advice.

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