Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»As sentiment improved, XRP wallets holding at least 1 million coins moved closer to all-time highs.
EXCHANGE NEWS

As sentiment improved, XRP wallets holding at least 1 million coins moved closer to all-time highs.

By Crypto FlexsApril 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
As sentiment improved, XRP wallets holding at least 1 million coins moved closer to all-time highs.
Share
Facebook Twitter LinkedIn Pinterest Email

As the cryptocurrency market rose once again, XRP experienced positive headwinds, which triggered an improvement in sentiment among investors. Due to this positive recovery, more cryptocurrency investors are moving to acquire altcoins and a very significant group of holders are pushing for new all-time highs.

Wallets holding more than 1 million XRP are approaching ATH.

There has been a lot of selling among XRP investors over the past year as the price continues to fall. Despite Ripple’s multiple partial victories against the U.S. Securities and Exchange Commission (SEC), this poor performance has continued, causing investors to jump ship.

One group of XRP holders that has seen a lot of selling are addresses holding at least 1 million XRP tokens. At current prices, this wallet holds at least $500,000 at the bottom of the cohort, making it the cohort that includes dolphins and whales.

The number of addresses holding at least 1 million tokens reached an all-time high in June 2023. But as the price fell, these large holders began selling, and at one point the number of wallets fell below about 50 wallets. It reached an all-time high in 2014.

However, as the cryptocurrency market moves towards another bull market, there are expectations that the price of XRP will follow the rest of the market and large investors will return. Data from Santiment, an on-chain data aggregation platform, shows that the number of wallets holding more than 1 million tokens has steadily increased throughout 2024, and by April this figure has now reached 2,013. It broke the previous all-time high and is two wallets away from setting a new record.

Why are large investors returning?

One of the reasons large investors are returning to XRP could be because indicators are finally turning more bullish on the altcoin. There was also an opportunity for these investors to buy tokens cheaply when the market crashed and altcoins like XRP lost nearly 40%.

Related Reading: 3 Key Indicators to Watch That Could Affect Ethereum Price

Popular cryptocurrency analyst TonyTheBull took to X (formerly Twitter) to reveal the significance of this price crash. According to analysts, this was the final surrender of altcoins. Comparing this to a similar reshuffle in 2017, we can see that XRP could mount a massive rally afterwards.

No, this was the final surrender reorganization. $XRP https://t.co/Z0uQ2GhS7v pic.twitter.com/qfWC6H8DNv

— Tony “The Bull” Severino, CMT (@tonythebullBTC) April 23, 2024

Large investors were also able to anticipate this rally, which is why they are buying large amounts of coins. If the 2017 rally continues, the price of XRP could quickly surpass $1, delivering significant returns to investors.

Price trends toward $0.6 | Source: XRPUSDT on Tradingview.com

Featured image from U.Today, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Ether Lee’s price retreat, a market for watching $ 4,200 for the next movement

August 19, 2025

Bitcoin Price is a 4% slide after a strong rally?

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Distributed financial introduction

August 24, 2025

SANTIMENT says that Fed Rate Talk Signals Signals problems arise.

August 24, 2025

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025
Most Popular

Franklin Templeton Altcoin Fund triggers changes to cryptocurrency portfolio

June 7, 2024

Will TONCOIN linked to Telegram recover after Pavel Durov’s arrest?

August 25, 2024

Cryptocurrencies to Watch in June 2024: BlockDAG leads the way in the evolution of Tron and Binance Coin with a new dashboard and pre-sale success.

May 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.