Sharks and Whales: The New Kings of XRP? 🦈🐋

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Ah, dear reader, it appears that the aquatic denizens of the XRP sea—those formidable sharks and whales—have decided to throw a grand party, setting a new record in their underwater wallets. Who knew that the blockchain could be so lively? 🎉

Behold! The Wallets of the Wealthy 🤑

In a recent revelation from the esteemed oracle known as Santiment, we learn of a curious trend in the realm of XRP. The “Supply Distribution” metric, a rather fancy term, reveals the number of wallets that belong to a certain coin range. And what a range it is! We are speaking of wallets that hold more than a million coins—yes, you heard that right! That’s about $2.2 million, which is no small change, my friends.

Only the most affluent investors, those who can afford to swim with the sharks, qualify for this elite club. These holders, affectionately dubbed sharks and whales, wield considerable influence over the network. The more coins they hoard, the more power they possess. It’s like a game of Monopoly, but with real stakes! 🏦

Thus, the behavior of these aquatic titans is worth our attention. After all, their whims may very well reflect the sentiments of the grander investment community. Who wouldn’t want to peek into the minds of such colossal investors?

Now, feast your eyes upon the chart shared by Santiment, which illustrates the trend in the Supply Distribution of these million-coin holders over the past year:

As the graph suggests, the XRP Supply Distribution has recently experienced a delightful uptick for our shark and whale friends. More wallets are now flaunting their million-coin status, hinting that new big-money investors may have joined the fray. The network now boasts a staggering 2,708 wallets of this size—a record, indeed!

But wait, there’s more! The chart also reveals another intriguing metric: the Daily Active Addresses. This measures the unique wallets engaging in transactions daily, whether they be sending or receiving. Given that the smaller entities, like retail investors, vastly outnumber the big fish, this metric showcases the bustling activity of the little guys.

From the graph, it’s evident that the XRP Daily Active Addresses have surged recently. Over the past week, we’ve averaged a whopping 295,000 addresses daily—quite the leap from the paltry 35,000 to 40,000 we saw in the previous months. Talk about a glow-up! 🌟

As Santiment wisely notes, “The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.” Now, we can only wonder what these changes will mean for the price of this elusive cryptocurrency.

The Price of XRP: A Rollercoaster Ride 🎢

Yesterday, XRP soared beyond the $2.33 mark, but alas, the bullish momentum seems to have taken a vacation, as the coin has retreated to $2.20. Such is the life of a cryptocurrency—full of ups and downs, much like a dramatic novel!

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2025-06-18 04:18