• XRP saw massive whale accumulation, fueling discussions about its market trajectory and network dynamics
• On-chain metrics revealed significant trends in network growth, holder activity, and price performance

In a remarkable trend, XRP whales have added over 1 billion tokens to their holdings within the last 48 hours. Needless to say, this significant accumulation has raised questions about its potential implications for XRP’s network health, price momentum, and broader market positioning. 

XRP whale accumulation – A closer look

The accumulation of 1 billion XRP by whale addresses highlights renewed confidence in the digital asset. According to the chart tracking wallet distribution, large holders with balances exceeding 10 million XRP saw a sharp uptick in their holdings.

Speculatively, this move could signal anticipation of a price hike in the coming weeks or a strategic response to the recent market consolidation.

The accumulation trend not only influences market liquidity, but also boosts sentiment among smaller investors. Whales have historically acted as market movers, and their activity often aligns with pivotal market shifts.

Network growth – Signs of strength?

Here, it’s worth pointing out that the network growth chart revealed an intriguing narrative. While new wallet creation spiked dramatically in December 2024, indicating heightened interest in the XRP ledger, a subsequent decline suggested that the market may be cooling off.

However, the presence of consistent daily new addresses, even post-spike, indicated that XRP continues to attract new p

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Author: Adewale Olarinde