Whales Buy 280M XRP as Wellgistics Adopts XRP Ledger

XRP Whales Go on a Buying Spree

According to market analyst Vlad Hryniv, “Over 280 million XRP scooped up by whales in just 10 days. That’s usually a bullish sign of long-term confidence.”

Between July 5 and July 15, whale wallets accumulated approximately 280 million XRP, representing about 0.56 % of its circulating supply.

This remarkable burst of activity occurred right amid a sharp price decline, sparking a swirl of speculation about institutional conviction versus possible sell‑side manipulation.

Nevertheless, the tide is changing because bulls continue to defend the psychological price of $3.10 with XRP presently standing at $3.16.

Institutional Confidence Amid Chaos

Whales moved aggressively while retail traders suffered over $594 million in liquidations, highlighting a divergence between long‑term holders and the “panic sellers.”

Analysts interpret this behavior as strategic bottom‑fishing—accumulating at dips while anticipating future upside driven by fundamentals like ETF approvals and regulatory clarity.

Several sources highlight that these purchases coincided with key technical retests around $3.00‑3.10, which had transformed from resistance into critical support zones. Whales appear to be defending this floor aggressively.

Disequilibrium: Growing Sentiment vs. Weak On‑Chain Metrics

Despite heavy accumulation, XRP’s on‑chain activity weakened sharply by July 24, new user growth fell to 1,899, and daily transactions dropped to 286,000, well below mid‑July levels.

The Network Value to Transactions (NVT) ratio now sits at around 699, signaling what many analysts view as overvaluation relative to utility.

Wellgistics Health Integrates XRPL

Wellgistics Health, a pioneering healthcare technology firm, has officially integrated the XRP Ledger (XRPL) into its operational framework. This strategic move is part of the company’s broader initiative to modernize the healthcare supply chain and improve data integrity, transparency, and efficiency in an industry often hampered by slow processes and fragmented systems.

This development was revealed by Ripple attorney Bill Morgan on X, formerly Twitter. 

According to a recent S-1 filing with the U.S. Securities and Exchange Commission (SEC), Wellgistics Health detailed its intention to use XRPL as the backbone for its upcoming blockchain-powered platform. 

This decision reflects growing confidence among enterprise-level firms in XRPL’s capabilities particularly its scalability, speed, and low transaction costs.

XRPL is a decentralized, open-source blockchain known for its energy efficiency and near-instant settlement speeds. 

For Wellgistics Health, this translates into real-time transaction processing across a network of pharmaceutical suppliers, distributors, and healthcare providers.

Conclusion

The accumulation of 280 million XRP within 10 days reflects strategic institutional conviction undercutting broader uncertainty. 

Although on‑chain metrics are cooling and technical indicators are mixed, whale behavior reveals confidence in XRP’s medium‑term trajectory. 

Additionally, Wellgistics Health’s decision to leverage XRPL positions it at the forefront of technological evolution.