[[{“value”:”On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August.
XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record
According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their holdings recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a given wallet group is holding right now.
Addresses or investors are divided into these cohorts based on the number of coins that they are currently carrying in their balance. A wallet holding 5 XRP, for instance, falls into the 1 to 10 coins group.
In the context of the current topic, the 10 million to 100 million tokens cohort is of interest. At the current exchange rate, this range converts to $6.13 million at the lower end and $61.30 million at the upper one.
Clearly, the entities that would qualify for this group w
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