According to a recent report, XRP remains a popular choice for investors. The report shows that the top 2,000 wealthy individuals or entities, known as “whales,” on the Binance Smart Chain (BSC) network collectively possess a significant amount of 72.8 million XRP tokens worth $28.4 million.

WhaleStats data indicates that XRP is among the top 10 largest single holdings for the top 2,000 wealthy individuals or entities, also known as “whales,” on the Binance Smart Chain (BSC) network. These whales currently hold $28,400,326 worth of XRP tokens, which accounts for 2% of their collective holdings.

According to the WhaleStats website, not only do the top 2,000 whales on the Binance Smart Chain (BSC) network hold a significant amount of XRP tokens, but the top 100 whales also possess a substantial amount of XRP. These top 100 whales currently hold 70.83 million XRP tokens worth $27.2 million. This holding represents 2.38% of their total collective holdings, as reported on the WhaleStats website.

Currently, XRP ranks as the sixth most purchased token among the whale addresses on the Binance Smart Chain (BSC) network. However, it does not appear in the top 10 list of the most sold tokens. This suggests that most investors who have accumulated XRP tokens have decided to hold onto them instead of selling, as reported by the source.

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Huge Whale Transfers

The recent increase in the number of XRP token purchases by whales coincides with a rise in the movement of large amounts of XRP tokens. According to Whale Alert, a wallet accumulated 150 million XRP worth $58.4 million, as the asset aimed to maintain its price above the $0.40 level.

After the aforementioned XRP accumulation, several whale addresses engaged in two distinct transactions, moving a total of 76.7 million XRP tokens. The first transaction transferred 34 million XRP from an unidentified wallet to Bitstamp. The second transaction involved the movement of 42.7 million XRP tokens between two Bitso addresses.

Following the latest market-wide rally, Binance and Crypto.com were reported by The Crypto Basic to have transferred 223 million XRP tokens. However, despite this surge in market activity, XRP has faced recent resistance in its attempts to surpass the $0.40 price range. As of the current time, XRP is trading at a price of $0.3882, representing a decrease of 2.89% in the past 24 hours.