XRP “Millionaire” Wallets Surge Despite Ongoing Price Decline
- The number of wallets holding at least one million XRP has increased by 42 this month, reaching a total of 2,016.
- XRP’s price has declined by 4% since the start of the year.
- Accumulation among “smart money” traders has risen by over 11% in the past month.
- XRP ETFs have seen a net inflow of $91.72 million this month, contributing to positive sentiment.
- Ripple announced the launch of “Ripple treasury,” integrating crypto and cash management into one platform.
The rise in millionaire wallets indicates growing confidence among large holders despite XRP’s recent price dip. Additionally, significant inflows into XRP ETFs suggest strong institutional interest, bolstering market sentiment.
With a net increase of 42 millionaire wallets, XRP shows resilience as investors remain optimistic about its future potential amid ongoing market challenges.
