Blockchain wallets holding at least 10 million XRP now control more than 60% of the token’s circulating supply. This is the highest level seen since May 2018, according to on-chain analytics platform Santiment.
Whale Holdings Climb Steadily
Santiment highlighted a growing accumulation trend among XRP’s largest holders. The token is approaching the psychological $1.50 price level, which seems to be fueling this behavior. Data shows wallets with at least 10 million XRP now hold a combined 45.83 billion XRP, worth roughly $68.5 billion. These wallets account for over 74% of XRP’s circulating supply, underscoring the dominance of large holders in the ecosystem.
Price Momentum Supported by Accumulation
XRP continues trading near the $1.50 region. At press time, it was at $1.46, up 5.72% over the past week and 3.1% in the last day. Santiment identified the ongoing whale accumulation as a major factor supporting this momentum. Instead of slowing down, large holders appear to be increasing their positions. The chart shows whale holdings have climbed steadily since 2021, even during broader market downturns.
Retail Investors Join the Trend
Accumulation is not limited to mega-whales. Santiment data shows that wallets holding at least 10,000 XRP reached a record high of 332,230 this week. The number has since edged up to 332,253 addresses. Growth is primarily driven by retail investors holding between 10,000 and 100,000 XRP, which accounts for about 300,260 of those addresses.
This trend often signals strong long-term conviction among investors. Across crypto markets, analysts watch whale accumulation closely because large holders frequently influence liquidity, volatility, and overall market direction.
