Blockchain data shows that large XRP holders have increased their holdings of the coin by more than 6% to 46.4 billion over the past two months.
Significant investors continued to accumulate coins despite the lack of a clear trend in cryptocurrency over the period.
Author: Omkar Godbole | Edited by: Parikshit Mishra Updated: Mar 20, 2025 5:17 AM UTC Published: Mar 20, 2025 4:56 AM UTC
What you need to know:
Over the past two months, the price of XRP has fallen by 20% to $2.45, but this has not stopped large traders from increasing their holdings of the coin.
Data compiled by Santiment indicates that crypto wallets holding at least one million XRP have increased their holdings by 6.5% to 46.4 billion XRP ($114 billion) in two months. Network activity has also increased significantly, with the number of unique wallets interacting with the network increasing sixfold in March compared to previous months.
The accumulation by major players reflects growing confidence among significant investors in XRP's potential. The question remains whether this continued whale buying will lead to significant price increases.
Brad Garlinghouse, CEO of Ripple, which uses XRP to facilitate international transactions, said on Wednesday that the U.S. strategic reserve of digital assets will likely include XRP.
