XRP outperforms other coins to reach a yearly high. The altcoin's wallets with 1 million tokens currently hold 45.61 billion XRP
Over the past 24 hours, XRP has outperformed all other coins. XRP wallets with one million XRP tokens held 45.61 billion tokens.Ripple’s
ledger has experienced a sustained uptrend, reaching a yearly high. This performance has stood out in the market over the past day, outperforming all major cryptos.have experienced a sharp decline, with XRP standing out as an exception. XRP surged by a whopping 15.3% to trade at a yearly high of $0.80.
This showed that XRP holders and investors are more bullish than the rest of the market, while market conditions are skewed toward an XRP rally.Based on Sentiment’s data, wallets with at least 1 million XRP currently hold a total of 45.61 billion tokens.According to this analysis, it’s the highest amount held since June 2018. Such a shift in whale sentiment suggests that large holders are highly bullish and are confident with the altcoin’s future value.
As such, in the last two years, whales, and sharks have reversed the trend and accumulated 3.44 billion more tokens. This marked an 8.16% increase in total holdings among whales and sharks. Therefore, with the market getting into profitability as traders have enjoyed 46.66% returns over the past week, it seems increased accumulation is paying off.As observed above, accumulation by large holders is finally paying off, with the altcoin outperforming most coins in the market.This bullishness among large holders is further evidenced by the fact that the altcoin’s MVRV Long/Short Difference has risen from -2.7% to 1.21%.
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