A significant transfer of $51 million in XRP, equivalent to 100 million XRP, was observed as a whale moved the funds between unknown wallets. This activity hints at potential long-term holding strategies by the whale involved.
XRP's on-chain activity has reached a six-month high, marked by the number of active addresses soaring to 12,230 and the creation of 18,321 new wallets, resulting in a 10.39% increase. This uptick reflects growing interest and engagement within the XRP community.
Exchange reserves for XRP currently stand at 3.11 billion, showing a minor 0.36% increase, which indicates relatively stable exchange holdings of the cryptocurrency. Additionally, futures open interest has climbed by 1.61%, reaching $701.52 million.
The transaction count has also seen an improvement, rising to 1.5655 million, illustrating heightened transaction activity within the XRP network and possibly increased adoption or trading activity.
