The post Ripple News: XRP’s On-Chain Metrics Signal Notable Rise in 100M Whales appeared first on Coinpedia Fintech News

Since obtaining regulatory approval in the United States, XRP, the digital token associated with Ripple, has stayed in the limelight. Its non-security classification has seemingly whetted the appetite of large-scale investors, colloquially known as whales. A remarkable surge in these wallets has emerged, but what does this mean for the everyday investor?

Let’s dive in.

A Surge in Whales: Is Bigger Better?

Santiment, a cryptocurrency market intelligence platform specializing in on-chain analytics, reported via a social media post that the number of XRP whale wallets has witnessed a notable surge. These high-value wallets each hold a staggering minimum of 100 million XRP, equating to a sizable worth of at least $74 million.