Data highlighted by Santiment (blockchain analytics platform) shows wallets on the XRP Ledger (blockchain for XRP) with at least 10 million XRP have risen to their highest level in eight years.
Whale wallets on the XRP Ledger (blockchain for XRP) have reached an eight-year high, according to data highlighted by Santiment (blockchain analytics platform). The source says addresses holding at least 10 million XRP now collectively control 45.83 billion XRP. Large-holder concentration is closely watched in crypto markets because it can indicate how much supply is controlled by major investors and may shape liquidity and trading behavior, although the data provided does not specify the cause of the increase.