$XRP has been massively accumulated by whales recently. Major players have just amassed a record number of Ripple tokens. Wallets with at least 10 million XRP now hold a total of 45.83 billion XRP tokens ($68.5 billion), the highest since May 2018. This represents 68.5% of the coin's supply. This means the whales are continuing an accumulation that has been ongoing since around mid-2024.
It appears that whales consider XRP a promising token worth holding. The altcoin's all-time high is $3.84, the exact price it cost on January 4, 2018. Currently, XRP's price hovers around $1.46. This means the altcoin is about 61% cheaper than its all-time high. The whales likely assume the token has a large supply and potential, and that current prices are a bargain. That's why they're buying more tokens, hoping for their value to increase. Moreover, if we take into account indicators such as inflation, the current price of XRP should be above its 2018 all-time high.
Without a doubt, Ripple is a project that stands out from most of its competitors. Primarily because XRP isn't just a speculative token. Furthermore, the cryptocurrency is just one of Ripple's projects. The company has numerous partnerships with major companies and central banks around the world. This further builds confidence in the project. I don't know about you, but I'm optimistic about the future of XRP.