Blockchain wallets holding at least 10 million $XRP now control more than 60% of the token’s circulating supply, reaching their highest level since May 2018.
On-chain analytics platform Santiment highlighted a growing accumulation trend among $XRP’s largest holders as the asset approaches the psychological $1.50 price level.
Key Points
- The number of $XRP Ledger wallets holding at least 10 million $XRP has climbed to its highest level in eight years.
- These whale addresses collectively control 45.83 billion $XRP, representing more than 74% of the token’s circulating supply.
- According to Santiment, the ongoing accumulation trend is one of the major factors supporting $XRP’s push toward $1.50.
- Amid the surge in whale activity, wallets holding at least 10,000 $XRP also reached a new all-time high of 332,230 earlier this week.
Addresses Holding 10M $XRP Reach 8-Year High
$XRP is attracting renewed market attention as large holders continue to aggressively accumulate the asset while the token approaches the key $1.50 milestone.
According to Santiment data, wallets holding at least 10 million $XRP now control a combined 45.83 billion $XRP worth approximately $68.5 billion. Notably, this marks the largest whale-held balance since May 2018.
These wallets now account for over 74% of $XRP’s circulating supply, underscoring the growing dominance of large holders across the ecosystem.
Whale Accumulation Supports $XRP Price
The trend comes as $XRP continues trading near the $1.50 region. At press time, $XRP was trading at $1.46 after gaining 5.72% in the past week and 3.1% over the past day.
Santiment identified the ongoing whale accumulation trend as a major factor supporting $XRP’s recent momentum. In the meantime, 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.
Addresses Holding 10K $XRP Hit 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 wallets holding 10,000 $XRP or more has increased steadily since June 2024. The figure has spiked to 332,253 addresses since the Santiment report. Growth is primarily driven by retail investors holding 10,000 to 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.
