The great XRP investors, the cryptocurrency of the Ripple Labs company, have changed their behavior notably since the beginning of July.
Data on-chain They reflect that whale accumulation flows (directions that have at least one million XRP units) They reversed abruptly and now register net outings.
In this regard, a market analyst from the Cryptoquant community explains that «a similar pattern occurred between January and February, when a local maximum in the price coincided with a sustained distribution by the whales and a later correction.»
In Cryptoquant’s graph, a firm specialized in analysis on-chainentries (green bars) and exits (red bars) of funds from large portfolios are observed.
During the red bar peaks, there is a posterior drop in the price of XRP (blue line), which It suggests that whale sales often anticipate corrective movements in the price.
The analyst also adds: «While the current fall is shorter in duration and less deep, the directional alignment is significant. Unless we see positive flows sustained by the whales (more than 5 million XRP per day), the market could continue structurally weak. At the moment, there are no signs of constant accumulation by the large holders, a key component for a reversal of constructive tendency.»
However, it should be noted that, although this distribution pattern suggests a structural weakness, For now it is not translating into a deep correction in the price of XRPwhich is currently negotiated above 3 dollars, 16% below its historical maximum of $ 3.65.
The fact that there is a price drop could be explained by a change of hands: It is possible that these XRP are being absorbed by corporate treasures.
Among the recent movements that reinforce this hypothesis, the Webus International, a company of Chinese origin that is quoted in the Nasdaq, which invested up to 300 million dollars to build an XRP treasury, as Cryptonotics reported. The company’s objective is to develop an infrastructure for future XRP operations and other cryptocurrencies.
For his part, Vivopower, another company that lies at Nasdaq, placed $ 121 million to add XRP to his corporate treasury. The same steps followed Worksport, a manufacturing company for trucks, which made an investment invested 5 million dollars, in the cryptocurrency of Ripple and Bitcoin (BTC).
International Amber, in addition, announced the formation of a strategic reserve of 100 million dollars, composed of a digital asset basket, including XRP, BTC, Solana (Sun), BNB, SUI (SUI) and Ether, the Native Currency of Ethereum.
The institutional capital entry not only reinforces the XRP narrative as a reserve asset, but also It also increases its visibility among more traditional investorspromoting liquidity in the Ripple ecosystem.
While individual whales (old investors in XRP) are detaching from their XRP, large institutional investors seem to be taking that place.