XRP News Today: XRP Whales Buy 440 Million Tokens as Market Cap Drops $15 Billion

Large XRP holders, often referred to as whales, have accumulated approximately 440 million tokens in a short span, valued at around $3.8 billion, despite ongoing market volatility and a broader selloff across the crypto space [1][2]. This surge in buying activity highlights the continued interest in XRP from high-net-worth investors, even as the token's price faces downward pressure. The fully diluted valuation of XRP remains at an estimated $308.31 billion, signaling that long-term expectations for the asset have not yet shifted in response to the recent market conditions [1][3].

The buying spree, which occurred over the course of just a few days, included a significant purchase of 120 million XRP on August 15 alone [2]. This happened as XRP’s market value fell by $10 billion in 24 hours, sliding from $193.85 billion to $182.85 billion. Over the past week, the token’s market cap has shed $15 billion from its August 8 high, with spot prices down nearly 8% to $3.08 [1]. Despite the drawdown, XRP’s fully diluted valuation still remains significantly higher than its current market cap.

Whales added approximately 320 million XRP in the three days leading up to August 15, bringing the week's total to 440 million tokens [1]. This concentrated accumulation by large investors has historically been associated with medium-term market reversals, especially when paired with declining exchange reserves and thinner liquidity on spot markets. The timing of these purchases suggests that major holders are capitalizing on lower prices, with the expectation that the asset’s value will rebound in the long term.

The purchase of such a large volume of XRP within a short time frame suggests that institutional and major retail investors remain confident in the asset’s underlying fundamentals, particularly its role in global payments and regulatory developments that may bolster its adoption. This kind of concentrated buying behavior is not uncommon during periods of market uncertainty, as whales often take advantage of lower prices to add to their positions with the expectation that value will rebound in the long term.

Notably, the accumulation has occurred in less than a week, with one report indicating that 120 million XRP were bought in a single day alone [2]. These figures underscore the intensity of the buying pressure and raise questions about the broader market sentiment for XRP, which continues to be one of the most liquid and actively traded digital assets despite the ongoing downturn.

Analysts and observers in the crypto space are watching closely to see whether this whale activity will trigger a broader shift in market dynamics or simply reflect the ongoing consolidation by major holders. At this stage, there are no clear signals of a reversal in the bearish trend, but the sustained buying indicates that long-term bullish narratives for XRP remain intact for now [1][2].

The activity also highlights a growing divide between short-term price performance and long-term value expectations. While the current market cap of XRP has taken a hit, the fully diluted valuation remains elevated, implying that investors believe in the token’s utility and scalability across global financial systems [3]. This divergence could be a key indicator for traders and investors trying to gauge whether the market is nearing a bottom or still in the midst of a deeper correction.

Overall, the accumulation of 440 million XRP by whale investors underscores the resilience of long-term conviction in the asset, even amid broader market selloffs. As the crypto market continues to evolve, such large-scale buying patterns may serve as a barometer for sentiment shifts and future price direction.

Source: [1] Coindoo https://coindoo.com/whales-buy-440-million-xrp-despite-market-selloff/

[2] Finbold https://finbold.com/xrp-whales-buy-120-million-tokens-amid-10b-market-cap-wipeout/

[3] Happy https://happycoin.club/en/vo-vremya-spada-na-rynke-kriptokity-kupili-120-mln-xrp-za-den/

[4] identosphere.net https://identosphere.net/companies/