Data show that crypto whales are currently trooping into the XRP network, which can be attributed to investors’ optimism in the ongoing lawsuit between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC).
Citing data from Santiment, Ali, a famous crypto proponent, pointed out that up to 50 whale addresses holding between 10 million XRP and 100 million XRP have been added to the XRP network in the past month.
Ali further revealed that these large crypto holders have accumulated approximately 420 million XRP, worth $155.4 million between them over the past month..
(By Solomon Odunayo)
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