- Large XRP holders added roughly 65.32 million XRP over four days, per Santiment.
- Bitcoin whales cut more than 34,000 BTC, about $2.6B, as BTC fell below $73,000.
- Data shows XRP whales accumulating while large Bitcoin and Ethereum holders distribute.
Large XRP holders accumulated approximately 65.32 million XRP, worth nearly $72 million, over four days as large Bitcoin and Ethereum holders reduced their positions, according to Santiment data.
The contrasting activity highlights a difference in whale behavior across the three major cryptocurrencies, although it does not confirm that investors are moving capital directly from Bitcoin or Ethereum into XRP.
What the Data Shows
- XRP: Whale wallets accumulated roughly 65.32 million XRP in four days, which, at the implied price of about $1.10, comes to nearly $72 million.
- Bitcoin: Large holders trimmed more than 34,000 BTC, roughly $2.6 billion, during a week when the price slid from $79,000 to below $73,000.
- Ethereum: Large holders shed about 17,800 ETH over the week, worth around $40 million at recent prices.
According to analyst Ali Martinez, the wallets he tracks show distribution in Bitcoin and Ethereum while XRP whales buy.
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What the Diverging Whale Activity Means
The contrasting movements suggest that large holders are positioning differently across the three assets. XRP’s accumulation could reflect growing interest among large investors, while Bitcoin and Ethereum distribution points to reduced exposure or profit-taking.
However, the figures do not establish a direct capital rotation from Bitcoin or Ethereum into XRP. The XRP accumulation is also considerably smaller than the reported reduction in Bitcoin holdings. Without evidence linking the wallets involved, the movements should be treated as separate market signals rather than proof that investors are shifting funds between these cryptocurrencies.
For now, XRP whale accumulation stands out against broader selling activity among large Bitcoin and Ethereum holders, but whether this divergence leads to sustained buying pressure remains uncertain.
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Related: XRP Price Prediction: Why Is XRP Falling Below $1.10 Despite Bullish Binance Funding?
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