Ethereum Fees Lowest Since Summer 2021 | ETH, BTC And XRP Prices Expected to Rise Since Investor Holdings Increased

2 min read

Ethereum Fees Dropped, XRP and BTC Holdings Increase.  Is there a link?

XRP Holdings Increase by 2.4%

Blockchain analytics firm Santiment reveals that whales holding between 1 million and 10 million XRP are stocking up on the sixth-largest cryptocurrency by market capitalization amid the current volatility of the digital assets market.

According to Santiment, the richest non-exchange XRP wallets increased their collective holdings by 2.4% in just 11 days.

“XRP whales holding between 1M and 10M XRP have collectively been accumulating, and now hold their highest percentage of the asset’s supply in 2 months. This is the most active tier of non-exchange holders, and currently hold 6.12% of all XRP.”

Source: Santiment/Twitter

Santiment says that the group of whales holding at least 10 million XRP hold’s a majority of the coin’s total supply.

BTC Holders Increase

Santiment says that the number of wealthy Bitcoin holders has also increased as of late. The firm says that the quantity of wallets holding between 100 to 1,000 BTC has risen despite the decline in price of the flagship digital asset.

“As Bitcoin continues treading water at $29.6k, the amount of key whale addresses (holding 100 to 1k BTC) continues rising after the massive dumping from late January. We’ve historically seen a correlation between price & this tier’s address quantity.”

Source: Santiment/Twitter

Ethereum Fees Drop Below $5

Looking at Ethereum (ETH), the firm notes that transaction fees recently dropped to $2.54, the lowest for the smart contract platform since July. Santiment says that the price of ETH historically increases after fees go below $5.

“Ethereum’s average fees are at an extreme low, costing traders just $2.54 per transaction currently. This is the lowest ETH cost level since July. Historically (but by no means automatically), ETH prices rise after average transactions dip below $5.”

Source: Santiment/Twitter

At time of writing, XRP is worth $0.40. Bitcoin is trading for $29,290 and Ethereum is changing hands at $1,802.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods or services mentioned in this article.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. is not an investment advisor. We do not give personalized investment other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Featured Image: Shutterstock/YanaBarantsava


Via this site