On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group. Related Reading: Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data The addresses are put into these cohorts based on the number of coins that they are carrying in their balance right now. Investors who own between 1 and 10 XRP, for example, fall inside the 1 to 10 coins group. In the context of the current discussion, the 10,000+ coins group is of interest. The cutoff for this cohort converts to around $6,500 at the current exchange rate. This amount in itself isn’t high, but the upper range of ..
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