XRP whales have held the largest share of the token\u2019s supply since November 2022. Wallets holding at least 10 million XRP now control 46.87 billion tokens, or around 68.5% of the total supply.<\/p>\n
The increase comes as the price struggles near $1.3. According to Santiment, this shows that large holders continue to accumulate despite the current weakness.<\/p>\n
The latest trend suggests major investors are maintaining their exposure while smaller traders may be losing confidence. But Santiment explained<\/a> that the crypto asset still needs to clear important levels before a stronger recovery can take shape. The $1.3 mark remains a crucial level, while $1.5 could offer stronger confirmation of bullish momentum. Holding above $1.2, alongside continued whale accumulation, would support the outlook.<\/p>\n Further gains in whale holdings could strengthen the recovery case.<\/p>\n Meanwhile, XRP exchange outflows reached<\/a> around 5.3 billion tokens over a 30-day period. The figure remains below the 6 billion XRP recorded in October. With approximately 2.206 billion tokens leaving, Binance accounted for the largest share. Next up was OKX with 501.51 million, followed by Bybit, which recorded 479.94 million in outflows. Upbit saw around 392.90 million XRP leave its platform, followed by Bitget at 243.39 million.<\/p>\n The outflows declined during the first half of August before picking<\/a> up later that month. Higher levels continued through September and October, in a recovery from the quieter summer period. These movements may mean more XRP is moving into private wallets or other platforms. That could reduce the tokens readily available for sale on exchanges.<\/p>\n Additionally, the TD Sequential indicator has flashed<\/a> a buy signal on the three-day chart. The last three similar signals were followed by rebounds of 31%, 24%, and 18%.<\/p>\n On the ETF front, however, US-listed spot XRP funds started the week with $3.61 million in outflows, reversing course after ending<\/a> the previous week in positive territory.<\/p>\n On the corporate investment side of things, Evernorth Holdings is looking<\/a> to raise up to $80.7 million through an equity facility with Cantor Fitzgerald. It plans to use part of the proceeds to buy more XRP, while also funding its operations and developing products across the XRP ecosystem.<\/p>\n The move comes as the company builds on its recently launched Nasdaq listing under the ticker XRPN. Evernorth already holds around 473 million XRP in its treasury and aims to generate returns through institutional strategies. It has also partnered with Ripple, Kraken, Coinbase, and BitGo to support those plans.<\/p>\n Additionally, Ripple is expanding<\/a> its corporate treasury platform with AI-powered automation and round-the-clock payment services. Its new 24\/7 Returns feature could allow eligible businesses to earn returns on qualifying digital assets, including RLUSD, beyond traditional banking hours.<\/p>\n The post XRP Whales Now Control 68.5% of Supply, Highest Level Since 2022<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" XRP whales have held the largest share of the token\u2019s supply since November 2022. Wallets holding at least 10 million XRP now control 46.87 billion tokens, or around 68.5% of the total supply. The increase comes as the price struggles near $1.3. According to Santiment, this shows that large holders continue to accumulate despite the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-244684","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244684"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=244684"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/244684\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=244684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=244684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=244684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Bigger Picture<\/h2>\n