- Over 2,700 wallets now hold at least 1 million XRP tokens, marking the first time in cryptocurrency’s 12-year history.
- Daily active addresses jumped to 295,000 from the typical 35,000-40,000 range, indicating real utility beyond speculation.
The XRP network has hit a major milestone, which shows an increasing institutional trust in the altcoin. More than 2,700 whale & shark wallets hold at least one million XRP tokens as per Santiment data. This is the first time in the 12-year history of cryptocurrency. Such a massive concentration by large investors is unprecedented and is an indication that more sophisticated investors are becoming more confident in the long-term outlook of XRP.
The whale activity is accompanied by the explosive growth of the network usage patterns. The number of addresses that interact on a daily basis has increased to 295,000 per day over the past week. The data is an advance from a three-month average of 35,000 to 40,000. Such a rampant growth indicates real usage and not speculative trading that has led to the current surge.
Network Growth Indicates Growing Institutional Interest
The record-breaking whale accumulation and the rise in daily usage paint a strong picture of XRP institutional adoption. These increasing figures demonstrate that the XRP Ledger ecosystem is being actively used by retail users and key stakeholders. It seems to be a strategic move because institutional investors tend to accumulate when there is relative price stability before large market moves.
According to CoinMarketCap data, currently, XRP is trading at approximately $2.22, with an intraday growth of 1.18%, showing bullishness. The altcoin has seen a growth of about 351% so far this year, which shows a steady growth with the expansion of the underlying network.
Besides this, the social sentiments are also showing positive growth, which means the mentions across all social media platforms have increased. The increased social media attention shows that more people are interested in XRP, which is a bullish sign.
The whale record is not only a numerical success. It shows that institutional investors with large capital are opting to use XRP as a long-term holding vehicle. The surge in whale momentum is always considered a bullish in. Increased whale activity means that significant players in the market are ready to invest seriously.
The historical trends indicate that such basic changes in network metrics tend to be followed by substantial price growth. The daily usage increases and the whale accumulation is at record levels, which is a favourable environment for the possible price rise. Moreover, experts believe that XRP can hit the $5 mark before 2025 ends.
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