XRP whales cap selling as wallet growth hits 8-month high

XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness.

Key takeaways:

Over 21,000 new XRP wallets were created in 48 hours, the fastest growth in eight months.

Record decentralized exchange transactions coincided with XRP’s price weakness, hinting at non-organic activity.

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