- Main event, leadership changes, market impact, financial shifts, or expert insights.
- 300,000 wallets reach the 10,000 XRP mark.
- Reflects growing concentration among investors.
Ripple’s XRP has reached a new milestone as over 300,000 wallets now hold at least 10,000 tokens, according to analytics platform Glassnode.
A new milestone for XRP wallet holders underscores potential long-term investment trends and increased concentration among active market participants.
Glassnode data confirms more than 300,000 wallets hold at least 10,000 XRP, setting an all-time high for such holders. As of early May, this marks a noteworthy shift in accumulation patterns among individual and whale investors.
The event centers primarily around retail and large individual holders rather than institutional investments. Notable figures like Edoardo Farina regard it as an indicator of market potential. As Farina mentioned, “It is extremely rare to see investors who hold more than 10,000 XRP tokens,” pointing to the accumulation as an opportunity for long-term market participants and underscoring that just 4.67% of all current XRP wallets qualify as such large holders.
Ripple’s native token XRP, though not affecting other major cryptocurrencies like BTC or ETH, implicates a growing audience intent on long-term positions. The advancement of more than 300,000 wallets underscores the emerging activity within its holder community.
Increasing XRP distribution raises investor intrigue despite no significant regulatory or institutional shifts. Comments suggest a positive interpretation among investors.
Historical parallels in the crypto industry draw speculation around potential outcomes.
The shift in wallet distribution might affect market dynamics, possibly resembling past events in notable cryptocurrencies where increased concentration favored price stabilization or growth. Current on-chain evidence and professional evaluations indicate sustained interest among XRP stakeholders.
