More and more large holder wallets have continued to accumulate $XRP, and this has ultimately led to the number of $XRP Ledger wallets holding at least 10,000 $XRP hitting a record 332,230, according to on-chain data from Santiment.
This steady accumulation of $XRP by $XRP Ledger wallets is a trend that began in mid-2024, and has extended till present.
Santiment posted on X about the milestone, noting that wallets holding 10,000 or more $XRP tokens have seen a consistent increase since June 2024. These increases have come without any sharp wallet spikes that usually signal purchases driven by speculation.
The $XRP Ledger data is visible on Santiment’s dashboard, which tracks $XRP supply distribution by the amount of $XRP owned.
XRPL wallet grows despite price decline
The $XRP accumulation trend by $XRP Ledger wallets continues despite $XRP trading well below its mid-2025 peak of about $3.65, a drop of around 60% from ATH levels.
According to an April report from Cryptopolitan, fewer than half of all $XRP holders (43.4% of supply) were in profit at the time, and daily realized losses ranged between $20 million and $110 million since late 2025.
This price dynamic often drives a switch-up in the holder base. Weaker hands sell at a loss while more patient participants absorb the supply at lower prices and continue to accumulate. The steady climb in high-balance wallets is consistent with that pattern.
Total $XRP Ledger wallets surpassed 8.1 million in early April, according to Cryptopolitan’s reporting at the time, though this figure counts all account creations rather than strictly active users.
Retail holders still make up the majority of accounts, with most wallets containing smaller balances.
What’s next for XRPL
The growth rate of on-chain wallets for any network or blockchain is an important metric used by analysts to assess holders’ long-term conviction.
A rising count of high-balance addresses suggests that participants with meaningful capital continue to add to their positions even during periods of flat or declining prices.
$XRP’s 24-hour trading volume reached $3.86 billion in early April, and historically, rising holder counts and trading volumes have usually come before price increases.
Uncertainties, however, still remain that the wallet accumulation trend would translate into positive $XRP price movement.
Larger $XRP holders are expected to keep building positions at current levels, though, and should continue to do so for the foreseeable future.
