Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
XRP whales moved early as 85 new millionaire wallets appeared before the dramatic August breakout.
ByChayanika Deka
XRP’s recent 70% rally may have had an early on-chain signal. Santiment found 85 new wallets holding at least 1 million tokens appearing just two days before the August 17-21 surge.
That matters because these larger wallets can absorb supply and strengthen bids while shifting liquidity faster than retail traders. Changes in their numbers have often appeared ahead of XRP’s sharpest moves.
Millionaire Wallets Were Already on the Move
There is also more happening around the XRP Ledger. Ripple backed an RLUSD credit fund focused on fintech and payments lending on XRPL. ZILO and Licuido investments brought tokenization plus transfer-agency and collateral-mobility rails into Ripple’s stack.
Looking toward the rest of the year, Santiment considers the setup to be constructive. Whale wallet numbers remain high, while RLUSD adds settlement utility and institutional tokenization gives XRP a story beyond retail hype.
Separately, AI is also moving further into Ripple’s treasury operations. Just last week, the company announced expanding GSmart to handle a wider range of work for enterprise finance teams. The new capabilities cover forecasting, liquidity, risk, reconciliation, and reporting, and are already being used by Ripple’s enterprise customers.
Despite the gains it had made previously, XRP took the biggest hit among major <a href="https://xpertsstudio.com/cftc-chairman-delivers-positive-news-for-cryptocurrencies-despite-the-failure-of-the-clarity-act/” title=”CFTC Chairman Delivers Positive News for Cryptocurrencies Despite the Failure of the Clarity Act”>cryptocurrencies following the Senate’s failure to move the CLARITY Act forward. This is a major blow to an industry that has spent years pushing for a comprehensive US regulatory framework. Over the past day, the token has shed more than 8%.
The broader crypto market was awash in red by Tuesday afternoon as well.
Source: cryptopotato.com