{"id":618934,"date":"2025-01-17T09:07:19","date_gmt":"2025-01-17T09:07:19","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618934"},"modified":"2025-01-17T09:07:19","modified_gmt":"2025-01-17T09:07:19","slug":"xrp-surges-45-in-a-week-amid-record-whale-accumulation-speculation-trump-may-include-ripple-token-solana-usdc-in-strategic-reserve","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-surges-45-in-a-week-amid-record-whale-accumulation-speculation-trump-may-include-ripple-token-solana-usdc-in-strategic-reserve","title":{"rendered":"XRP Surges 45% In A Week Amid Record Whale Accumulation, Speculation Trump May Include Ripple Token, Solana, USDC In Strategic Reserve"},"content":{"rendered":"<p>Remittance token XRP pumped more than 45% in the past week to a 7-year high as crypto whales piled in following wild speculation yesterday that Donald Trump might add the Ripple token, Solana, and USDC to his proposed strategic crypto reserve.<\/p>\n<p><span style=\"font-weight: 400;\">XRP broke above the $3 mark earlier this week for the first time since 2018. It continued to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\"><span style=\"font-weight: 400;\">rise<\/span><\/a><span style=\"font-weight: 400;\"> in the last 24 hours, posting a more than 6% gain to trade at $3.33 as of 2:14 a.m. EST. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The crypto has also become the third largest digital asset in terms of market cap after overtaking stablecoin Tether (USDT) with a valuation of around $137.36 billion.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/08\/XRP-whale.jpeg?fit=860%2C645\" alt=\"XRP\" width=\"860\" height=\"645\"><\/p>\n<h2>New York Post Report<\/h2>\n<p>A spike in the XRP price yesterday was triggered by a New York Post report, widely dismissed by analysts, that said Trump is receptive to the idea of <a href=\"https:\/\/nypost.com\/2025\/01\/16\/business\/new-trump-ends-crypto-communitys-government-harassment\/\">including the Ripple token, Solana and USDC<\/a> in a US strategic crypto reserve.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is a ridiculous idea and will never happen. <a href=\"https:\/\/t.co\/61E1QFKyg8\">https:\/\/t.co\/61E1QFKyg8<\/a><\/p>\n<p>&mdash; Quinn Thompson (@qthomp) <a href=\"https:\/\/twitter.com\/qthomp\/status\/1879889384969027726?ref_src=twsrc%5Etfw\">January 16, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trump has pledged the creation of a &rdquo;strategic Bitcoin reserve,&rdquo; while Senator Cynthia Lummis introduced the Bitcoin Strategic Reserve bill that proposes buying up to 200,000 Bitcoin every year to build a reserve of 1 million BTC.<\/p>\n<p><span style=\"font-weight: 400;\">The crypto market has also been buoyed by news that Trump is expected to <a href=\"https:\/\/insidebitcoins.com\/news\/president-elect-donald-trump-expected-to-sign-executive-order-to-make-crypto-a-national-priority-on-day-one\">sign an <\/a><\/span><span style=\"font-weight: 400;\">executive order<\/span><span style=\"font-weight: 400;\"> to make digital assets a US national priority on his first day in office.&nbsp;<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Whales Accumulate XRP<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">On-chain intelligence platform Santiment said in a Jan. 14 X post that wallets holding between 1 million and 10 million <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/xrp-price-soars-past-3-for-the-first-time-since-2018-with-8-pump-after-ripple-exec-says-sec-case-is-just-noise\"><span style=\"font-weight: 400;\">XRP<\/span><\/a><span style=\"font-weight: 400;\"> entered an &ldquo;enormous accumulation&rdquo; phase for the crypto in the middle of November last year, which continued over the past few days. These wallets now hold over 37% more XRP coins than they did just 2 months ago, the firm added.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128051;&#128200; XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago&hellip; <a href=\"https:\/\/t.co\/G3a3N5iSAS\">pic.twitter.com\/G3a3N5iSAS<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1879259323853062640?ref_src=twsrc%5Etfw\">January 14, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">There has also been a spike in XRP transactions worth more than $100K, Santiment said in a Jan. 16 X <\/span><a href=\"https:\/\/x.com\/santimentfeed\/status\/1879948381218566548\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\">. In the last 24 hours, there were 2,365 of these large transactions executed within an 8-hour window. According to the firm, this is the highest spike in $100K+ transactions in 6 weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There has also been a surge in the number of XRP holders. On-chain data shared by Santiment shows that there are over 511,430 additional &ldquo;non-empty&rdquo; XRP wallets compared to 2 months ago.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Related Articles:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/everything-you-need-to-know-about-the-10-2-million-flockerz-presale-as-fomo-hits-fever-pitch-with-only-6-days-left\"><span style=\"font-weight: 400;\">Everything You Need To Know About The $10.2 Million Flockerz Presale<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/mind-of-pepe-token-set-to-rival-ai-agent-cryptos-like-virtual-and-ai16z-surges-past-1m-on-first-day-of-presale\"><span style=\"font-weight: 400;\">MIND Of Pepe Token Set To Rival AI Agent Cryptos&nbsp;<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-16-january-multiversx-brett-neo-worldcoin\"><span style=\"font-weight: 400;\">Next Cryptocurrency to Explode, 16 January&nbsp;<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - 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