XRP's average daily volume during August was a whopping $462.8 million, 4x times higher than the next-ranked Solana.
Coinbase“This could suggest that buying demand was driven by large traders in the U.S. as investors re-gained access to the token after the July court ruling.”
The above assertion was corroborated by data from Santiment. Big whales, comprising the cohort holding between 100,000 to 10 million XRP tokens, have been steadily adding on to their portfolios over the last week.It was pertinent to note that unlike offshore exchanges, XRP was only the sixth most traded altcoin in the U.S., per Kaiko.An encouraging development which caught attention was the increase in the number of retail investors of XRP.
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