XRP Whale Activity Collapses by Nearly 97% Amid Market Weakness

The XRP network has witnessed a significant decline in large-value transactions over the past week. According to data shared by cryptocurrency analyst Ali Martinez, citing Santiment metrics, whale activity on the XRP Ledger has slowed dramatically.

From July 5-11, the number of transactions worth more than $1 million dropped from around 70 to just two. The near 97% collapse in large-value XRP transactions suggests that large investors have become increasingly inactive as XRP struggles to establish a clear trend.

This decline is not unique to XRP, as other on-chain activity metrics such as futures participation, ETF demand, and active wallet numbers have also weakened.