The post Here’s How Many XRP Wallets Added 1,000,000 XRP After the Recent Dip appeared on BitcoinEthereumNews.com.

Data suggests that while the market panicked during the latest XRP dip, whales holding at least 1 million XRP increased in number. 53 More Wallets Holding 1M+ XRP For context, XRP saw a major price drop over the weekend, falling from $3.13 on Friday, Jan. 31, to $2.56 by Sunday, Feb. 2. This decline of 17.9% represented a major correction, with the most severe drop of 10.34% occurring on Feb. 2. This 10.34% crash marked XRP’s largest intraday loss since Dec. 9, 2024, and the largest one so far this year. Despite the panic-driven sell-off, data confirms that large investors took advantage of the lower prices.   Market analyst Dom observed a notable increase in wallets holding at least 1 million XRP immediately after the crash. On Feb. 3, just one day after XRP’s largest single-day drop since Dec. 9, 2024, 53 new wallets with at least 1 million XRP emerged.  Let’s also look at wallets holding over 1M $XRP (currently 2.3M USD) Up only over the last year See that last spike? Feb 3rd, the day after the sell off… 53 new wallets holding over 1M $XRP added overnight pic.twitter.com/Ik0AE3YMOw — Dom (@traderview2) February 7, 2025 XRP Wallet Growth Outpaces Ethereum and Bitcoin Further, the analyst confirmed that the consistent rise in large XRP wallets aligns with a much broader accumulation trend the market has observed throughout the past year. According to the data, unlike in the Bitcoin and Ethereum markets, where wallet growth has been mixed, XRP wallets holding significant amounts have steadily increased.    Citing CoinMetrics data, Dom revealed that wallets holding at least 100 XRP have been rising at an accelerated pace. Over the last year, the number of these wallets surged from under 1.6 million in March 2024 to over 1.74 million by February 2025, representing an…

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Filed under: News - @ February 8, 2025 5:26 pm