🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
XRP Price Outperforms Altcoins as Whales Break 6-Year Record on Ripple! - Coin Bulletin
Ripple gained 14.5% in a day due to the accumulation of whales reaching their highest level since June 2018.
Ripple (XRP) attracted attention by gaining 14.5% value on a day when the prices of Bitcoin and altcoins generally experienced a decline. This strong surge in Ripple is associated with the accumulation of XRP whales and major investors, according to on-chain analysis platform Santiment's data.
According to Santiment, wallets holding at least 1 million XRP have reached a total of 45.61 billion XRP, which is the highest level seen since June 2018. Over the past two years, whales and large investors have added a total of 3.44 billion XRP to their assets, an increase of 8.16%.
Accumulation of whales supports the price
The accumulation of XRP whales has not only had a positive impact on the market in a single day, but also in the past week. XRP has gained a 40% return in the last 7 days, attracting investors' attention. This increase, especially during a period when the market is falling, has set Ripple apart from other cryptocurrencies.
This upward trend in Ripple is supported by whales and large investors continuing to increase their XRP accumulations. If this accumulation process continues, it may be possible for XRP to maintain its strength in the market and continue its rise. The interest of whales in XRP is considered an important sign that increases the expectation of upward movement in the market.