Large holders known as whales have been accumulating XRP, reaching a total of 45.61 billion tokens, the highest since 2018. This shows increased market confidence in the cryptocurrency.
Santiment data reveals a significant increase of 8.16% in holdings over the past two years as whales added 3.44 billion XRP. The recent market momentum and speculation around influences like Elon Musk contribute to the token's price hike.