Whale Activity Highlights Diverging Trends in Ethereum and XRP
- Ethereum whales accumulated 460,000 ETH as prices dipped below $3,200 in mid-November.
- Mid-duration holders are selling approximately 45,000 ETH daily, contrasting with earlier panic-driven sell-offs.
- XRP’s dormant circulation for the one-year cohort spiked to its highest level since July as whales moved holdings to exchanges.
- XRP’s realized cap nearly doubled from $30 billion to $64 billion during the late-2024 rally, with recent buyers holding 62.8% of that cap.
- Ethereum’s realized cap was reported at $391 billion on November 18, indicating a healthy accumulation despite price consolidation.
Recent data shows Ethereum’s whale activity is characterized by accumulation and measured profit-taking, while XRP indicates a concerning trend of older holders distributing into a market dominated by newer entrants at higher prices.
If Ethereum continues its current distribution while maintaining rising realized cap levels, it may establish stronger long-term support compared to XRP’s top-heavy structure, which poses risks if recent buyers capitulate under pressure. (Source)
