Largest XRP Whale Holdings of XRP Ledger Native Token Reach New Record High of $29,561,070,000: Sentiment
Deep-pocketed holders of the XRP Ledger (XRPL) native token are quickly accumulating the digital asset, in line with blockchain analytics platform Santiment.
Santiment says that whales and sharks have been aggressively including extra XRP to their holdings in the course of the previous 11 months, reaching a report excessive of 51.59 billion tokens price greater than $29 billion.
“XRP has now climbed above $0.58 for the first time since the market-wide retrace back on April 12th. This rebound is supported by climbing levels of coin hodling from whales and sharks with 100,000-plus XRP coins. A noticeable turning point in supply accumulation began last August.”
XRP is buying and selling for $0.57 at time of writing, down 8% within the final 24 hours.
Santiment additionally reports that Ethereum (ETH)-competitor Cardano (ADA) is one of the extra bearish altcoin tasks based mostly on social media sentiment, which might sign a value reversal is coming.
“Trader sentiment is following the price action. With XRP making an emergence this week, bullish narratives have erupted. On the other end of the spectrum, Cardano is seeing the most bearishness in over a year. Counter-trading the crowd’s consensus could prove profitable.”
ADA is buying and selling for $0.42 at time of writing, down 4% within the final 24 hours.
Lastly, Santiment warns that bullish sentiment on social media for each XRP and peer-to-peer funds community Litecoin (LTC) suggests value could also be risky within the close to time period.
“As crypto continues its amazing market-wide rebounds, keep a close eye on Litecoin and XRP, a couple coins getting high levels of fear of missing out (FOMO). These coins can continue to rise, but the crowd’s euphoria toward these assets could make them high risk, high reward investments this week.”
Litecoin is buying and selling for $71.14 at time of writing, down practically 2% within the final 24 hours.
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