An unknown $XRP whale, who controls large amounts of the token, is bringing renewed attention to the $XRP distribution table.
Notably, this unidentified whale is making the rounds for its large yet quiet $XRP holdings. Currently, it sits in the second position in the $XRP distribution table, just below Bithumb by a small margin.
Key Points
- An unidentified whale is making the rounds for its large yet quiet $XRP holdings.
- This wallet was activated with 10 $XRP on December 1, 2024, by the address “rLD5k3.”
- The whale, “rJ9Ey7H,” holds 1.80 billion $XRP, accounting for 1.8% of the asset’s maximum supply of 100 billion tokens.
- Analysis suggested that someone big, who has clearly chosen to be very quiet, is sitting on a large amount of $XRP.
Unknown $XRP Whale
The address “rJ9Ey7H” holds 1.80 billion $XRP, accounting for 1.8% of the asset’s maximum supply of 100 billion tokens and nearly 3% of the circulating supply of 61.8 billion tokens. At the current price of $1.41, this stash is worth a staggering $2.53 billion.
Interestingly, the address holding the largest $XRP belongs to Bithumb, with 1.82 billion tokens ($2.56 billion) kept there. This is just about 25 million $XRP higher than the balance in this unidentified wallet. Yet, no one knows who holds this address.
Analyst Xaif Crypto spotlighted this in a curiosity-driven tweet on May 3. He noted that the top 4 $XRP wallets currently account for nearly 7% of the maximum supply. Among these addresses, Bithumb, Binance, and Uphold are known entities. However, the second-largest holder, with over $2.5 billion in its possession, is unidentified.
As such, he suggested that someone big, who has obviously chosen to be very quiet, is sitting on large amounts of $XRP.
Pseudonymous $XRP Whale Very Active
A closer look at this wallet shows it is not just a passive holder. The address has gone about its normal business while remaining anonymous. This wallet was activated with 10 $XRP on December 1, 2024, by the address “rLD5k3.”
Data from $XRP Scan shows that this activating address traces back to “rMJXDz,” a wallet that regularly interacts with the crypto exchange Robinhood. However, there has been no direct link between the whale in question and Robinhood.
Notably, this “rJ9Ey7H” wallet was active 17 days ago, transferring 345 million $XRP tokens over ten transactions to the address “r4jcgk.” Its last activity was receiving 79.9 million $XRP just 10 days ago from the sending address “rLD5k3.”
At this time, its identity and affiliations remain unidentified, with some pointing to affiliations with Robinhood or Bitstamp. However, according to the analyst, whoever it might be is quietly accumulating $XRP while others panicked in preparation for something big.
1.15B Token in 11 Days
Aside from this whale, other large $XRP holders are aggressively accruing the token. Recent reports show that some of the largest holders bought 1.15 billion $XRP tokens in 11 days, adding buying pressure to prices. Specifically, this was done by wallets holding between 10 million and 100 million $XRP.
Such an accumulation spree, further bolstered by strong ETF inflows in April, has continued to support $XRP’s price. At the time of writing, $XRP trades at $1.39, up slightly in the past 24 hours and 6.4% in the past 30 days.
