XRP Whales Rake In 1.53 Billion Tokens Amid Market Fears

Large XRP holders have quietly added 1.53 billion tokens to their wallets over the past six months, even as retail traders remain hesitant due to 'extreme fear' in the market.

This accumulation by high-balance wallets, which now control about three-quarters of the circulating XRP Ledger supply, is seen as a buying opportunity rather than a reason to exit by Oscar Ramos, a crypto commentator.

Ramos highlights that this move aligns with a dollar-cost averaging (DCA) strategy, where investors aim to reduce the impact of volatility by regularly investing a fixed amount in XRP at different price levels.

The host references data from Santiment showing that wallets holding at least 1 million XRP have added 1.53 billion XRP over the past six months, and notes that this accumulation is accompanied by a recent on-chain signal suggesting a 'potential 50% rally' in XRP.