Golden Finance reported that the on-chain and off-chain indicator intelligence platform Santiment published an article on X platform, stating that the number of wallets holding at least 10,000 XRP has increased sharply in the past five weeks, and there are 2.794 million such sharks and WhaleAddresses on the ledger, returning to the six-month high. The correlation between these wallets and XRPMarket Cap has been undeniable throughout the entire 2024.

With sharks and whales driving supply share over 85%, XRP surges 39%. Due to on-chain data showing sharks and Whale have been busy accumulating, XRP prices have pumped by over 39% in the past week. According to on-chain analysis company data, large XRP investors have been buying for a while. The relevant indicator here is the "supply distribution," which tracks the total supply held by a specific wallet group. According to the number of Tokens held in the Address or investor's balance, they are divided into these groups. For example, the group of 1 to 10 Tokens includes all holders with 1 to 10 XRP. In the context of the current topic, the collaboration between sharks and Whales is worth following. Sharks and Whales are the two largest groups in the industry, so their actions are worth following as they may cause market fluctuations. Of course, Whales have a greater influence among these two groups. Santiment defines the lower limit of the combination of sharks and Whales as 100,000 Tokens. At the current Exchange Rate of Cryptocurrency, this is worth approximately 61,200 US dollars. The first figure shows the distribution trend of XRP supply for these sharks and Whales in the past few months. The supply of XRP sharks and Whales has increased in the past few months. These large investors currently hold about 51.59 billion XRP, which is equivalent to about 85% of the total circulating supply of Cryptocurrency. In terms of pure balance, with the latest rise, the supply of this combination has hit an all-time high (ATH), and in terms of percentage, the indicator is at its highest level in 11 months. Whether the price of Crypto is pump or fall, sharks and Whales have been increasing their holdings during this period. The belief of these major investors is naturally an optimistic signal for the asset. Although in the long run, XRP seems bullish, another development trend may become a bearish signal in the short term. As pointed out in another X post, investors are hyping XRP on social media. As the asset recovers, people's emotions towards it have skyrocketed into positive territory. Historically, the trend of Cryptocurrency often goes against the expectations of the majority, so this fear of missing out may ultimately become an obstacle to the surge. The analytical company also attached sentiment data around Cardano (ADA) to the chart. This AltCoin seems to be influenced by highly negative emotions, which could be a bullish signal. XRP has surpassed the $0.61 level after pumping over 41% in the past week. (Data Source: Keshav Verma)

Maker large holders increase their holdings, will the MKR rebound continue? On-chain data shows that a large number of Maker holders have recently accumulated holdings, suggesting that the rally may continue soon. Funds have been flowing into the wallets of large MKR investors for some time now. A “big holder” here refers to an investor who holds at least 0.1% of the circulating supply of cryptocurrencies. In Maker's case, that's around $1.2 million. Therefore, the only holders who can meet these criteria are the sharks and whales, which are the largest entities on the network. These investors usually have some influence in the market because they can transfer many tokens at once. Therefore, the behavior of this group may be worth watching as it may reveal answers about where the asset is headed next. One way to track the behavior of these large holders is through the "net flow" metric, which measures the net amount of MKR these large investors are currently adding to or removing from their combined holdings. When the value of this indicator is positive, it means that there is currently a net amount of tokens entering the supply of these investors, indicating that they are participating in the purchase. On the other hand, a negative value could mean that the group might be selling because its members are transferring net worth from their wallets. The chart in Figure 1 shows the trend of net flows from large Maker holders over the past few months. This shows that the net flow of major Maker players has been almost all positive in the past few months. It fell into negative territory several times, but the scale of net outflows at that time was not large. In the past few weeks, nothing has dropped below the zero line, suggesting that large holders have only continued to accumulate more MKR recently. The caveat here is that a positive net flow doesn't mean there isn't any sell-off at all. Instead, it simply indicates that accumulation is sufficient to cancel any allocations. Over the past few months, cryptocurrencies have shown an overall upward trend, which may be a result of these investors engaging in net buying. However, the asset has declined since the start of the month. Still, with net flows remaining only positive throughout the decline, big shareholders are buying anyway. This belief from these large holders is naturally a positive sign for Maker, as the asset may soon continue to rise. (Data source: Hououin Kyouma)

Jinse Finance reported that Santiment posted that Chainlink’s github development activity was significantly higher this summer, causing the asset to rank among the top 5 most frequently developed assets. Additionally, whales and sharks with 100K-10M LINK now own the most tokens since December 2022.

Chainlink’s github development activity has increased significantly this summer, resulting in the asset breaking into the top 5 most frequently developed assets. Additionally, whales and sharks holding 100K-10M $LINK are the most since December 2022. (Source: @santimentfeed)

Litecoin Halving Is Coming; Will LTC Price Rise Above $100 This Week? Now, there are less than 350 blocks left until the halving, as the halving event will take place in less than a day. After remaining sideways for more than 27 days, the price is closer to breaking out of the descending wedge. However, the coin’s volatility has risen significantly and it has been trading in a wide range. Hence, the probability of a bullish breakout after the halving event increases. Currently, LTC price has failed to break out of the wedge, which suggests that the coin has the potential to initiate a new downtrend. Meanwhile, dolphins and sharks have been accumulating since a sharp price rally in mid-June. According to data from Santiment, the two combined have amassed over 200K LTC. A rise in these levels indicates growing confidence in an upcoming uptick, which could help prices maintain solid ground in the event of any bearish event. Considering the price action and the recent rather bearish monthly close, it is believed that the price will remain consolidated below the key support level of $94. Hence, there is also a good chance that these levels will break the newly established major ATGH resistance levels, as LTC price may remain in a narrow trend around these areas and not be able to move beyond them. This could reinforce the bearish sentiment in the market and help the Litecoin price drop towards a temporary support level ahead of the Litecoin halving. However, the event is imminent and the upcoming halving is expected to boost prices significantly as traders are now expecting similar price action in the coming days. However, the current trading setup is rather uncertain, so the halving event is expected to shift the Litecoin (LTC) price chart. (Data source: Sahana Vibhute)