XRP Whales Accumulate 2.8% More Tokens as Small Holders Capitulate
XRP whales increase their holdings by 2.8% over five weeks while small holders reduce theirs, according to CoinDesk. This trend aligns with a price rise for XRP, which surpasses $1.16, indicating possible bullish momentum.
Over a five-week period, large holders, referred to as whales, have increased their XRP holdings by 2.8%, as reported by Santiment. This accumulation occurs as the price of XRP climbs over 8% since late June, surpassing $1.16, following a dip below $1. Meanwhile, the smallest wallets have sold off 5.2% of their assets during this timeframe.
The contrasting behaviors of whale and small holder accumulation can signal market trends. Santiment notes this divergence is historically indicative of further price increases, stating, "Historically, XRP price has tended to move more with key stakeholders and against the smallest retail wallets, so this split supports the bullish case behind the bounce." This buying pressure from larger investors occurs alongside positive developments for XRP, including potential exchange-traded funds (ETFs) increasing institutional access and ongoing utility within the XRP Ledger.
What to watch next includes the continuation of these accumulation trends among large holders and any updates regarding institutional products tied to XRP, which could influence market sentiment moving forward.
Summary based on original reporting by Omkar Godbole at CoinDesk, originally published Jul 23, 2026. SolanaWire does not republish source content.
Bitcoin Declines Amid Rising Oil Prices and Regulatory Uncertainty
Bitcoin trades around $65,500 as rising oil prices and U.S. Treasury yields exert downward pressure on the cryptocurrency. This development, coupled with critical responses from key Senate Democrats regarding the Digital Asset Market Clarity Act, has dampened market sentiment, reported CoinDesk.
2 hours ago·CoinDesk·Reported by Omkar Godbole
Senator Lummis Discusses Ongoing Changes to Crypto Clarity Act
Senator Cynthia Lummis tells CoinDesk that discussions around the ethics and other provisions of the Digital Asset Market Clarity Act will continue. Key provisions in the bill aim to establish clearer regulations for the cryptocurrency industry, but some lawmakers express concerns regarding the bill's current structure.
7 hours ago·CoinDesk·Reported by Nikhilesh De
Democratic Senators Criticize New Draft of Crypto Clarity Act
Key Democratic lawmakers express concerns about the latest draft of the Digital Asset Market Clarity Act, stating it 'falls short' on ethics and consumer protection. The comments come from Senators involved in negotiations, as reported by CoinDesk.
8 hours ago·CoinDesk·Reported by Nikhilesh De
Coinbase Expands to Canada with Everything Exchange for Stocks and Crypto
Coinbase plans to introduce its "Everything Exchange" in Canada, combining services for stocks, crypto, and prediction markets, according to a report by Decrypt. CEO Eric Richmond noted that while there is no specific launch date, the company is actively working with regulators to make this happen.
9 hours ago·Decrypt·Reported by Jose Antonio Lanz
Trending this week
U.S. Seeks Forfeiture of $25 Million in Crypto Linked to Scams
Federal prosecutors filed five civil forfeiture cases aiming to recover over $25 million in cryptocurrency linked to romance and investment scams, according to CoinDesk. This initiative is part of a broader effort by the U.S. federal scam task force, which has already recovered over $800 million in fraud-related funds.
16 hours ago·CoinDesk·Reported by Francisco Rodrigues
Tesla Reports $112M Impairment Loss on Bitcoin Holdings
Tesla maintains its bitcoin treasury at 11,509 BTC while reporting an after-tax impairment loss of $112 million, as per CoinDesk. This follows a 14% decline in bitcoin's value during the second quarter of 2026.
9 hours ago·CoinDesk·Reported by Helene Braun
Payward Partners with GTN to Expand xStocks to Global Markets
Payward, the parent company of Kraken, collaborates with fintech GTN to extend xStocks, blockchain-based tokens representing real stocks, to markets including Hong Kong, the UK, Europe, and South Korea. This move aims to diversify offerings beyond U.S.-based equities, pending regulatory approvals, as reported by Decrypt.
10 hours ago·Decrypt·Reported by Jose Antonio Lanz
Alibaba Launches Qwen Image 3.0 AI Focused on Practical Use
Alibaba's Qwen team releases Qwen Image 3.0, emphasizing functionality over aesthetics. The model can handle 4,500 tokens for complex image layouts but lacks open model weights and benchmarks, according to Decrypt.
10 hours ago·Decrypt·Reported by Jose Antonio Lanz