Long-term XRP investors who held their assets for more than 155 days recently pulled 8.25 million tokens out of their accounts. This move represents a 3.47% dip in “Hodler” positions, dropping the total from 238 million to 229.78 million tokens.
While these veteran owners are taking some money off the table, the broader market is seeing a massive influx of capital from a different class of participant.
Big Investors Set A Much Higher FloorThis change in behavior suggests that the biggest players in the space are no longer waiting for deep discounts to build their stashes. Instead, they are signaling a high level of comfort with the current valuation of the asset.
And they have been continuing their accumulation for over a year.
The market cap for the token currently sits at close to $82 billion. Daily trading volume has hit $1.45 billion, maintaining a market dominance of 3.50%. Despite a tiny dip of 0.62% in the last 24 hours, the overall trajectory is defined by this shift in who is buying and at what price.
Analysts are watching these on-chain metrics closely to see if the whale activity can offset the selling pressure coming from the older accounts that are currently cashing out.
Expectations for future price action remain tied to these large-scale movements. Records show that these major buyers are not dumping their tokens onto smaller retail investors. They are holding onto what they buy, which creates a supply crunch that could lead to more volatility. Market participants are now focused on whether the overall crypto environment will remain favorable enough to sustain this high-level accumulation.
Featured image from Unsplash ,Chart from TradingView
