TL;DR
- Large XRP wallets increased their holdings to $7.9 billion from $7.16 billion in October 2022.
- Accumulation spiked after major crypto events, including the FTX meltdown and Terra’s LUNA and UST collapse.
- A positive outcome for Ripple against the US SEC could boost XRP’s price in 2024, alongside other favorable market factors.
Buying XRP Amid the Reigning Uncertainty
As revealed by the crypto behavior platform Santiment, wallets holding between 100K and 100M XRP have been on the rise over the past year.
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