The Cryptocurrency market remains overshadowed by a bearish sentiment, yet, some networks witness a notable increase in transaction volume. One such network is the XRP Ledger (XRPL), which has recently shown remarkable activity, setting a new record in the “network speed” metric.
Record Speed in XRPL
According to analysis by CryptoQuant, the XRP Ledger reached a transaction speed of 0.0324 on December 2nd, marking the highest value in the network’s history. This measure indicates the frequency of XRP ownership changes within a certain period and is considered a direct indicator of economic activity. A similar peak was observed in September 2025, but the recent surge highlights active transfers by holders rather than storing assets in cold wallets. Analysts suggest that such increases indicate rising market liquidity and the strong presence of major investors, known as whales, in the market.
The CryptoQuant report emphasizes that, regardless of market direction, the network is experiencing one of its busiest periods since 2025. This expansion in user participation and transaction volume demonstrates that the XRP ecosystem continues to be supported by a robust community and investor base.
Whale Wallets Decline, Major Accumulation Grows
Data from CryptoPotato reveals a transformation in large investor behavior on the XRPL. The number of wallets holding more than 100 million XRP decreased by 20.6% over the past eight weeks, dropping to 569. However, the XRP quantities in remaining large wallets exceeded 48 billion, reaching a seven-year high. This suggests that some departing investors have been replaced by larger-scale whales.
Since 2023, the accumulation trend has continued steadily despite market conditions. Concurrently, investors with balances between 1 million and 10 million XRP have increasingly engaged in selling activities in recent days. From December 2nd to 3rd alone, this group transferred 150 million XRP. This activity coincided with rising interest in spot XRP ETFs in the U.S., with reported higher inflows compared to their Bitcoin 
$91,081 and Ethereum 
$3,094 counterparts.
