The XRP holdings represent 2% of their total cumulative holding of whales.
XRP remains a favorite among investors. A recent report revealed that the 2,000 largest whales on the Binance Smart Chain (BSC) network hold a massive 72.8 million XRP tokens valued at $28.4 million.
According to figures from WhaleStats, the top 2,000 BSC whales are currently HODLing $28,400,326 worth of XRP tokens. This holding represents 2% of the total cumulative bag of these whales and puts XRP on the top 10 list of largest single holdings.
🐳 The top 2000 #BSC whales are hodling
Whale leaderboard 👇https://t.co/gGAxYJttsD pic.twitter.com/L4nMGaJ6cv
— WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 16, 2023
In addition to the top 2,000 whales, the 100 biggest BSC whales are also reported to hold massive XRP tokens. As per the official WhaleStats website stats, these top 100 whales hold a whopping 70.83 million XRP, currently valued at $27.2 million. This represents 2.38% of their total cumulative holdings.
Moreover, XRP secures the sixth position on the list of most purchased tokens by these whale addresses as of press time. Notwithstanding, the asset is not included on the top 10 list of most sold tokens, indicating that most investors that have amassed XRP have chosen to retain their bags.
Dominant Whale Movements
This surge in whale purchases comes when deep-pocketed addresses have taken to shuffling millions of XRP tokens. Whale Alert recently revealed that a wallet amassed 150 million XRP worth $58.4 million as the asset attempted to solidify its position above $0.40.
🚨 🚨 🚨 🚨 🚨 149,999,950 #XRP (59,996,271 USD) transferred from unknown wallet to unknown wallethttps://t.co/FeK9jDcCf5
— Whale Alert (@whale_alert) February 16, 2023
Shortly after, several whale addresses shuffled 76.7 million XRP tokens in two separate transactions. The first transaction involved the transfer of 34 million XRP from an unidentified wallet to Bitstamp, while the second saw the movement of 42.7 million XRP between two Bitso addresses.
This comes shortly after The Crypto Basic disclosed that Binance and Crypto.com had moved 223M XRP tokens in the wake of the latest market-wide rally. Despite the rally, the asset’s mission to tower above the $0.40 price zone has recently been met with resistance. XRP is trading for $0.3882 as of press time, down 2.89% in the past 24 hours.