XRP Whales Hit 8-Year High: How Supply Crunch Could Impact Price
— Bitcoinist
XRP whales' record accumulation signals a critical supply squeeze affecting price dynamics.
XRP whales now control 68.5% of circulating supply, reaching an 8-year peak and reducing sell-side liquidity amid current price consolidation.
- Whales hold 45.83 billion XRP, marking an 8-year accumulation high.
- Santiment data shows whales control 68.5% of total XRP supply.
- This accumulation reduces circulating supply during price consolidation.
Whale accumulation lowers available sell-side supply, potentially increasing price pressure and influencing breakout from current trading range.