XRP Whale and Shark Wallet Holdings Drop, While Collectively Holding Hits New Record High

Analysis by Santiment Feed reveals a decrease in the number of large XRP wallets (those holding over 100 million XRP) over the past eight weeks, with a corresponding increase in their collective holdings. This trend contrasts with a decline in the overall number of wallets, highlighting the unusual dynamic within this segment. Despite the decline in wallet count, high-value accounts are now holding a significant amount of XRP, reaching a seven-year high. The analysis suggests that this consolidation is driven by both whales and short-term holders, reflecting a possible strategy for buying the dip despite market challenges.