Large addresses on the $XRP Ledger, a blockchain platform that enables fast, low-cost payments across the globe, have been “rapidly accumulating” tokens before the end of the year, with data showing that both the number of large addresses and the percentage of supply they control have hit a new all-time high.

According to data from on-chain cryptocurrency analytics firm Santiment, $XRP addresses holding between 1 million and 10 million tokens – so-called whale and shark addresses – have been rapidly accumulating to the point 1,617 addresses hold a total of 7.23% of the cryptocurrency’s supply.

The figures mark a significant increase relative to the last few months, suggesting these large holders are positioning themselves on the market while expecting a significant price movement in the future.