XRP Whales Declining: Market Volatility Fuels Concentration of Holdings

New data from Santiment sheds light on the shifting dynamics within the XRP ecosystem. While the number of large XRP whales has decreased considerably, the remaining wallets have demonstrated a significant surge in their holdings. A recent analysis shows that the XRP Ledger currently has 20.6% fewer wallets holding 100 million or more XRP compared to just eight weeks ago, representing a reduction of 569 wallets. This trend could suggest a redistribution of funds amidst recent market fluctuations.