XRP Whale Wallets Reach 8-Year High at 45.83B Coins

Blockchain wallets holding at least 10 million XRP now control more than 60 percent of the token’s circulating supply. This is their highest level since May 2018, according to on-chain analytics platform Santiment.

Santiment highlighted a growing accumulation trend among XRP’s largest holders. This comes as the asset approaches the psychological $1.50 price level. Large holders are still piling on, it seems.

Whale Holdings Hit Eight-Year Peak

Santiment data shows that wallets holding at least 10 million XRP now control a combined 45.83 billion XRP. That stash is worth roughly $68.5 billion at current prices. This marks the largest whale-held balance since May 2018. These wallets now account for over 74 percent of XRP’s circulating supply. That underscores the growing dominance of large holders across the ecosystem.

XRP is attracting renewed market attention as large holders continue to aggressively accumulate the token while it nears that key $1.50 milestone. It’s not clear if this trend will hold, but for now, the numbers are pretty stark.

Whale Accumulation Supports Price

The trend comes as XRP continues trading near the $1.50 region. At press time, XRP was trading at $1.46, up 5.72 percent over the past week and 3.1 percent over the past day. Santiment identified the ongoing whale accumulation trend as a major factor supporting XRP’s recent momentum. Large holders appear to be increasing their accumulation instead of slowing down.

Notably, Santiment’s chart shows that whale holdings have steadily climbed since 2021. Even during broader market downturns, large wallets consistently expanded their XRP balances. That might suggest some long-term conviction, or maybe just a bet on a specific outcome.

Retail Accumulation Hits Record High

Meanwhile, accumulation activity has spread beyond mega-whales. Recent Santiment data shows that wallets holding at least 10,000 XRP reached a record high of 332,230 this week. According to the analytics platform, the number of such wallets has increased steadily since June 2024. The figure has since spiked to 332,253 addresses. Growth is primarily driven by retail investors holding between 10,000 and 100,000 XRP, which represents around 300,260 of the total addresses.

This trend often signals strong long-term conviction among investors. Across crypto markets, analysts closely monitor whale accumulation because large holders frequently influence liquidity, volatility, and overall market direction. Whether this will push XRP past the $1.50 mark remains to be seen.

The post XRP Whale Wallets Reach 8-Year High at 45.83B Coins appeared first on TheCryptoUpdates.