Ripple whales have been actively buying XRP over the past two weeks, accumulating over 110 million XRP tokens, which amounts to approximately $55 million. This surge in buying activity indicates growing confidence among large-scale investors in Ripple’s digital asset, XRP, despite the ongoing legal battle with the Securities and Exchange Commission (SEC).
In the world of cryptocurrency, a “whale” refers to an individual or entity that holds a large amount of a particular cryptocurrency. These whales are often characterized by their substantial holdings, which can significantly influence the market. Whales are typically large investors, institutions, or early adopters who have accumulated significant amounts of a cryptocurrency, giving them the power to impact prices through their buying or selling activity.
