French Finance Insider Buys $48.9M in XRP, Expert Hints at Bullish Move Ahead

Michael Adeleke
2 hours ago
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Insider accumulation of $48.9M in XRP sparks bullish speculation ahead of key SEC ETF rulings this October.

Highlights

  • A French finance insider accumulated 17.5 million XRP ($48.9M), fueling bullish speculation.
  • Crypto expert Pumpius described the buy as part of a deliberate accumulation trend by insiders.
  • Experts suggest these moves signal a bullish October for XRP.

A French finance insider has purchased $48 million in XRP in a new move, sparking speculation. An expert noted this as the latest in a string of insider actions signaling a bullish trend.

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Strategic XRP Accumulation by Finance Insider

Crypto expert Pumpius disclosed that a close French associate, described as being deeply connected to European finance, made a single purchase of 17.5 million XRP. This is worth nearly $49 million. 

He emphasized that such moves are not impulsive trades but deliberate accumulation strategies by individuals who anticipate major structural changes ahead.

“These aren’t random buys,” Pumpius said. “These are strategic accumulations by people who understand what’s coming.” 

His comments suggest that elite investors view this token as a long-term strategic investment within the evolving global financial system.

The purchase comes as Ali Martinez highlighted a buy signal for XRP on the TD Sequential chart. This tool identifies potential trend reversals. Martinez pointed out that the recent consolidation of the token might now be giving way to an upward trend.

While large-scale acquisitions dominate headlines, Pumpius also stressed the importance of smaller retail investors within its community. He commended people who invest small sums of money, like $100 or $500, as the foundation of price stability in a prior post.

The latest wallet distribution data shows this divide. Just five addresses, each holding over 1 billion tokens, collectively control more than 7.4 billion tokens. Another 22 wallets manage between 500 million and 1 billion tokens. 

Source: X
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SEC ETF Decisions Could Fuel Next XRP Rally

Beyond insider moves, the token’s fundamentals indicate bullish signals. The U.S. SEC would rule on six spot XRP ETF applications in October. Proposals from firms such as Grayscale, 21Shares, Bitwise, Canary Capital, CoinShares, and WisdomTree are all due for decisions within the same week. 

Momentum is also already building in this space. The newly launched REX-Osprey XRP ETF posted $37.7 million in trading volume on its first day. This marked the strongest ETF debut of 2025 so far. Analysts have pointed to this as evidence of high demand for regulated investment products.

At the same time, the token is seeing fresh utility with the launch of mXRP, a liquid staking token developed by Midas and Axelar. In a matter of days, the mXRP vault attracted over $22 million in deposits. This suggests that investors are eager to explore altcoin-related yield opportunities.

Given these events, the French finance insider’s $48.9 million accumulation is the most recent indication that key investors are gearing up for what many predict will be a bullish month for the token.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.