Whales have been accumulating Ripple (XRP) like mad in the last few weeks.
As per blockchain data, Ripple whales have acquired 52 million XRP since mid June.
The accumulation began in May, but it has skyrocketed as of recent.
The reasons for this are unclear.
Ripple Labs, the company behind XRP, is still involved in the much-publicized SEC lawsuit.
It has been going on for years at this point, and it’s unclear how it’s gonna end.
The one thing we know is XRP price has been recovering steadily since 2022 when it briefly hit $0.31 in the summer of 2022, the lowest price since Covid.
At the time of writing, XRP is trading at around $0.48, still a long way from its all time high of $3.84.
Personally, I think I will buy some XRP.
I first bought XRP in 2017 and never sold. Then I bought some more last year.
Also, side note, Litecoin halving is a month away. Just saying.
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