Are whales turning to XRP? BTC and ETH holdings slide.
Major Bitcoin investors sold over 34,000 BTC in the past week, contributing to a price drop from nearly $80,000 to below $73,000, with current holdings representing 26% of the circulating BTC supply.
Ethereum whales also reduced their holdings by about 17,800 ETH, worth about $40 million, while the altcoin struggles to maintain the critical $2,000 support level.
In contrast, XRP whales increased their holdings by approximately 65.32 million XRP, worth nearly $72 million, indicating potential optimism despite continued market weakness and declining institutional interest.