XRP Ledger Sees Unprecedented Growth as Whale Activity Hits Record Highs
The XRP Ledger (XRPL) is experiencing a remarkable surge in network activity, with daily interacting addresses skyrocketing to 295,000—a sevenfold increase from its three-month average of 35,000-40,000. According to Santiment data, this upward trend reflects broad-based participation from both retail and institutional players. Notably, whale wallets are dominating the scene, with a record 2,708 addresses now holding over 1 million XRP each. This historic milestone underscores growing confidence in XRP's potential and signals a bullish outlook for the cryptocurrency's future. As of June 2025, the XRP Ledger's robust activity and increasing whale accumulation suggest a strong foundation for further price appreciation and adoption in the digital asset space.
XRP Ledger Activity Surges 7x as Whale Wallets Hit Record High
The XRP Ledger (XRPL) is witnessing unprecedented network activity, with daily interacting addresses soaring to 295,000—a sevenfold increase from its three-month average of 35,000-40,000. Santiment data reveals a steady upward trajectory, signaling broad-based participation from retail and institutional players alike.
Whale wallets now dominate the narrative, with 2,708 addresses holding over 1 million XRP each—a historic milestone. This concentration of large holdings underscores growing institutional confidence in XRPL's infrastructure and long-term viability.
XRP Ledger Sees Surge in Active Addresses Amid Market Rally
The XRP Ledger is experiencing a notable uptick in network activity as bullish momentum returns to the cryptocurrency market. Active wallet addresses have expanded rapidly, signaling renewed investor interest and potential institutional testing.
Santiment data reveals the ledger's accelerating growth, with key stakeholders driving adoption. XRP's price breached $2.3 during Monday's trading, mirroring the broader market recovery.
This surge in on-chain metrics suggests a fundamental shift in network utility. The simultaneous price appreciation and address growth create a compelling case for XRP's evolving market position.
US Crypto Industry's Shifting Political Alliances: Democrats Gain Traction Despite Trump's Pro-Crypto Stance
The US cryptocurrency industry is forging unexpected alliances with Democratic figures, despite President Trump's vocal support for digital assets. Coinbase's appointment of Obama-era strategist David Plouffe to its global advisory council has sparked controversy within crypto circles, particularly among conservative supporters. Ripple's engagement of Biden-connected lobbyists through Lilette Advisors further illustrates this political pivot.
These moves come amid heightened regulatory scrutiny, with the industry recognizing the need for bipartisan support. The strategic calculus appears clear: while TRUMP remains the favored candidate for many crypto advocates, building bridges with Democratic power centers may prove crucial for long-term policy objectives. Market participants are watching closely as political risk factors evolve in the lead-up to the 2024 election.
SEC Delays Decision on Franklin Templeton's XRP ETF, Opens Public Comment Period
The U.S. Securities and Exchange Commission has postponed its ruling on Franklin Templeton's proposed XRP spot ETF, opting instead to solicit public feedback. The regulatory body has set a late-July deadline for comments and rebuttals regarding the fund's potential listing on CBOE.
Franklin Templeton remains the most prominent asset manager pursuing an XRP ETF, though the delay reflects standard regulatory procedure rather than any indication of the proposal's ultimate fate. Market observers note such extensions fall squarely within the SEC's purview during complex product evaluations.
The decision comes as institutional interest in crypto investment vehicles reaches new highs, with XRP joining Bitcoin and ethereum in the spotlight for potential ETF approvals. Market participants await further developments as the comment period progresses.
Ripple’s XRP Ledger Sees Surge in Adoption and Whale Activity
Ripple's XRP Ledger (XRPL) is experiencing unprecedented growth, with daily active addresses soaring to over 295,000—a stark increase from the typical 35,000-40,000 range observed over the past three months. Santiment data highlights this surge as a sign of accelerating adoption, coinciding with heightened whale activity. Nearly 2,700 wallets now hold at least 1 million XRP, underscoring institutional confidence.
The momentum builds as Canada prepares to launch its Purpose XRP ETF on June 1, reigniting speculation about XRP's potential to breach double-digit valuations. The ledger's dual progress in user engagement and stakeholder accumulation positions it as a standout in a gradually recovering crypto market.
Ripple Seeks Indicative Ruling to Conclude SEC Case
Ripple has filed a supplemental letter urging Judge Torres to grant a joint motion for an indicative ruling, a MOVE the company argues is critical to resolving its protracted legal battle with the SEC. The filing outlines three key reasons supporting the request, emphasizing that neither party seeks to overturn the existing summary judgment order.
The ongoing appeal process remains paused at the Second Circuit Court, with the SEC directed to submit a progress report by August 15, 2025. Ripple maintains that modifying the relief—specifically dissolving the injunction and adjusting penalties—would not alter its obligation to comply with securities laws, a responsibility it acknowledges irrespective of court mandates.
As one of the earliest crypto firms targeted by SEC enforcement, Ripple's case has become a benchmark for regulatory clarity in the industry. The outcome could set precedents for how digital assets are treated under U.S. securities law.
