What is the threshold for becoming a whale in terms of XRP holdings?

3 answers

• Gnaneswar RajuSep 24, 2021 · 4 years ago
  Being a whale in the cryptocurrency world refers to individuals or entities who hold a significant amount of a particular cryptocurrency, such as XRP. The exact threshold for becoming a whale in terms of XRP holdings can vary, but it generally refers to those who hold a substantial amount of XRP that can influence the market. While there is no specific minimum amount of XRP required to be considered a whale, it is often associated with holding millions or even billions of XRP tokens. These whales have the potential to impact the price and liquidity of XRP due to their large holdings.
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• MootjeNov 27, 2020 · 5 years ago
  To be considered a whale in terms of XRP holdings, one would typically need to hold a substantial amount of XRP. While there is no exact threshold, it is generally understood that whales are individuals or entities who hold a significant portion of the total supply of XRP. This can range from millions to billions of XRP tokens. The presence of whales in the XRP ecosystem can have an impact on the market dynamics, as their buying or selling activity can influence the price and overall market sentiment.
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• Forsyth HalbergMar 22, 2023 · 3 years ago
  Becoming a whale in terms of XRP holdings requires holding a substantial amount of XRP tokens. While the exact threshold can vary, it is generally associated with holding millions or even billions of XRP. These whales have the potential to exert significant influence on the XRP market due to their large holdings. It's important to note that being a whale comes with both advantages and responsibilities. Whales can impact the market through their buying or selling activity, but they also need to consider the potential impact of their actions on other market participants. As the XRP ecosystem continues to evolve, the threshold for becoming a whale may change as well.
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