This Altcoin reached a new milestone: there are already more than 2,700 addresses that accumulate at least one million units. The phenomenon also includes “sharks”, accounts that have from 100,000 to one million.
The XRP cryptocurrencydeveloped by Ripple Labs, reached a new milestone: there are already more than 2,700 addresses that accumulate at least one million units. This is the greatest number of “whales” – investors with great holdings – registered in the XRP Ledger network in more than a decade.
According to data from the Grok platform, these addresses concentrate more than US $ 2.21 million each at the current price, which shows a strong support of significant capital. The phenomenon also includes “sharks”, accounts that have from 100,000 to one million XRP.
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This growth in the concentration of tokens occurs in parallel with a jump in the network activity. In the last week, More than 295,000 directions were active per day, well above the average of between 35,000 and 40,000 of the last monthsaccording to Santiment data.
The trend is reinforced by ads such as Purpose Investments, which will launch an XRP ETF in the Toronto Stock Exchange on June 18, and by the decision of companies like Vivopower to incorporate XRP in its reservations. Globally, ETF requests are also multiplied on this asset.
Simultaneously, the XRP ecosystem adds new initiatives such as the stablecoin rlld and decentralized finance solutions (DEFI), which expands its case of use beyond speculation. With these advances, XRP consolidates its position as one of the cryptocurrencies with the greatest institutional projection of the moment.
Source: Ambito
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