- A French finance insider purchased 17.5 million XRP tokens worth $48 million in what analysts describe as a strategic accumulation move.
- The SEC will decide on six spot XRP ETF applications in October, and the REX-Osprey XRP ETF already recorded $37.7 million in first-day trading volume.
- The new liquid staking token, mXRP, attracted over $22 million in deposits within days, and technical indicators suggest potential bullish signals ahead.
A prominent French finance insider has acquired 17.5 million XRP tokens worth approximately $48 million. The purchase has drawn attention from market observers who view it as a calculated move rather than speculative trading.
Crypto analyst Pumpius revealed the transaction through his network connections. He described the buyer as someone with deep ties to European financial institutions. According to Pumpius, such substantial acquisitions reflect confidence in XRP’s role within future financial infrastructure.
Strategic Positioning Before Key Regulatory Decisions
The timing of this purchase coincides with several significant developments in the XRP market. The U.S. Securities and Exchange Commission is expected to make decisions on six spot XRP exchange-traded fund applications in October. Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree have all submitted proposals awaiting approval.
Market participants have shown strong interest in XRP investment products. The REX-Osprey XRP ETF generated $37.7 million in trading volume on its debut day. This performance marked the strongest ETF launch in 2025 to date.
Technical indicators suggest potential price movement ahead. Analyst Ali Martinez identified a buy signal on the TD Sequential chart. This technical tool helps traders identify potential trend reversals following periods of consolidation.
Wallet Distribution and New Utility Features
Current wallet distribution data reveals concentration among large holders. Five addresses control more than 7.4 billion XRP tokens. Another 22 wallets hold between 500 million and 1 billion tokens each.
Despite this concentration, retail investors continue to accumulate smaller positions. Pumpius previously emphasized that investors purchasing $100 to $500 in XRP contribute to market stability.
My friends,
Never look down on someone who can only afford $100… or $500… in XRP.
Those small bags carry weight far beyond their size. Behind them are people who work tirelessly, who don’t have the “extra” you and I may take for granted. Every dollar represents hours of…
— Pumpius (@pumpius) September 28, 2025
New utility features are expanding XRP’s use cases. Midas and Axelar launched mXRP, a liquid staking token that enables holders to earn yields. The mXRP vault attracted over $22 million in deposits within days of launch.
This development demonstrates investor appetite for yield-generating opportunities within the XRP ecosystem. Liquid staking allows token holders to maintain liquidity while earning rewards.
The combination of insider accumulation, pending ETF decisions, and expanding utility positions positions XRP at a potentially significant juncture. Analysts monitoring these factors expect October to bring notable developments.
The French insider’s $48 million purchase represents one of several large transactions by well-connected investors. These moves suggest that individuals with access to institutional information are positioning themselves ahead of anticipated market shifts.
Whether regulatory approvals materialize and how markets respond remains uncertain. However, the convergence of institutional investment products, technical signals, and new staking features has created a foundation for potential price action in the coming weeks.
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