Large investors, commonly known as whales, acquired 130 million XRP tokens worth approximately $413 million within 24 hours, signaling strong institutional confidence. This accumulation coincided with a price dip to $3 support on July 25, 2025, and aligns with a surge in wallets holding 10-100 million XRP to 8.31 billion—a monthly high.
The whale activity follows healthcare firm Wellgistics Health's S-1 filing with the SEC on July 24, 2025, proposing to integrate XRP and the XRP Ledger (XRPL) into its operations. Wellgistics plans to raise capital through equity/debt offerings to purchase XRP as a reserve asset and collateral for cross-border payments, explicitly emphasizing real-world utility over speculation. Community analysts like CasiTrades noted XRP completed a Wave 2 correction at the 0.854 Fibonacci retracement, projecting a Wave 3 rally toward $3.82 based on historical patterns.
At reporting time, XRP traded at $3.18 (+2.04%), though 24-hour volume fell 38%. Ripple CTO David Schwartz declined to comment on whale movements, but historical precedents link such accumulations to bullish price catalysts. The Wellgistics filing is widely viewed as a narrative-shifting development for XRP's utility amid Ripple's ongoing SEC lawsuit.