XRP Buying Frenzy: Whales Accumulate Millions as Ripple Eyes Expansion

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Cryptocurrency analyst and trader Ali Martinez, known on X as @ali_charts, highlighted a significant XRP ecosystem development. Using data from on-chain analytics provider Santiment, Martinez shared a chart indicating that large XRP holders—commonly called whales— accumulated approximately 900 million XRP tokens between April 2 and May 2. These whales, controlling between 10 million and 100 million XRP, have sharply increased their holdings. This wave of accumulation marks a stark contrast to the previous month’s flat accumulation curve, suggesting a sudden shift in sentiment.

XRP Whale Activity Coincides with Price Growth

The surge in buying activity directly aligns with XRP’s recent price rally. Over the last few days, XRP has climbed 4.51%, rising from $2.12 to $2.22 at the time of writing. The whales’ acquisition of 900 million XRP amounts to roughly $459 million in fiat currency.

Such significant investment by deep-pocketed investors often signals growing confidence in an asset’s future prospects. This coordinated buying behaviour could indicate that institutions are becoming more bullish on XRP.

Ripple’s Acquisition Bid Adds Strategic Pressure

In another significant development, Ripple Labs recently acquired Circle, the issuer of USDC, the second-largest stablecoin. Initially, Ripple offered between $4 billion and $5 billion, but Circle rejected the bid, arguing that the offer undervalued the company.

However, Ripple did not back down. Instead, it raised its offer to $20 billion, firmly intending to expand its footprint in the stablecoin sector. This bold strategy follows Circle’s IPO filing in early April and highlights Ripple’s ambition to compete more aggressively in the stablecoin space.

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The recent whale accumulation of XRP, coupled with Ripple’s aggressive push to acquire Circle, paints a picture of increasing institutional interest in XRP and its broader ecosystem. The 900 million XRP accumulated in just one month, worth nearly half a billion dollars, could reflect more than just speculation. It may signal confidence in XRP’s long-term value and Ripple’s strategic moves in the evolving crypto-financial landscape.